Total crypto added yet another $31.2 billion to its value since Monday, May 13 and now stands at $261.5. Top ten currencies are all in green for the 24-hour period with () and ether () leading the pack with 24 percent and 16 percent of gains respectively. At the time of writing () is at $8,161 on the Bitstamp daily chart, while ether (ETH) stands at $265 and ’s climbed to $0.456.
BTC/USD
closed the previous week with a 22.5 percent of price increase, successfully breaking the $7,000 barrier. Just three days earlier it moved above the $6,000 level confirming the return of the bull market.
On Monday, May 13, the pair added another 12 percent to its value by moving north to $7,803. Buyers were even able to push the price above $8,000 for a certain period of time during the day.
The most popular climbed to $7,978 on May 14 in another winning session. On Wednesday, May 15, it formed its third consecutive green candle, crossing $8k to stop at $8,204. The 2.5 percent increase helped the total market cap climb to $260 billion regions.
The Hong Kong-based derivatives platform BitMEX registered a record-breaking $10 billion 24h volume. The was by the company CEO Arthur Hayes on May 12.
In the meantime, the biggest spot-market crypto exchange in terms of daily volume, confirmed it will be returning to a normal mode of operations following the recent hack attack against its . The Malta-based platform informed it will reopen deposits and withdrawals on May 15 after they system upgrades one day earlier.
As BTCManager , suffered a security breach on May 8, which resulted in a $40 million worth of being withdrawn from its hot .
The institutional crypto investing platform Bakkt announced on May 13, that it plans to launch futures and custody in early July 2019. The new product will be developed in collaboration with ICE Futures U.S. and ICE Clear US, both part of the Intercontinental Exchange (ICE), which is also the parent company of Bakkt.
to the company CEO, Kelly Loeffler, the futures will be listed on a federally regulated futures exchange and will offer two different types of contracts: daily settlement future and a monthly futures.
ETH/USD
The added 16 percent to its value during the last week and entered the new one at $188. The psychological level of $200 was already in sight for bulls as ETH was once of the best performing in the recently reborn bull market.
On May 13, the pair broke above the $200 line during the day session just to close at $196. It gained 10.7 percent on the next day, May 14, to storm past the mentioned price level stopping at $217.
On May 15, the ether formed its sixth green candle in the last seven sessions and climbed all the way up to $249. One of the most popular added increased by 14 percent and is already eyeing the important level at $300.
Like BTCMANAGER? Send us a tip!
Our Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4
Published at Thu, 16 May 2019 10:26:58 +0000
