The crypto markets are continuing to rise today, June 19, according to data from , after yesterday’s price spike leading to a of $13 billion in one hour following a .
Market visualization from
(BTC) is now trading for around , up by almost 5 percent over a 24 hour period to press time.
bitcoin price chart. Source: Cointelegraph’s
(ETH) is also rising, up almost 9 percent over a 24 hour period to press time and trading for around .
Ethereum price chart. Source: Cointelegraph’s
Out of the top ten coins on Coinmarketcap, is seeing the biggest growth, up more than 16.5 percent over a 24 hour period and trading for about $0.05 by press time. This price rise could be attributed to the news last week that TRON founder Justin Sun has streaming service BitTorrent for an undisclosed sum.
TRON price chart. Source:
The only coins in the red of the top 50 are , down by 0.26 percent over a 24 hour period, and Binance Coin, down a little more than 2 percent over a 24 hour period and trading for around $16.62 at press time. Tether’s negative growth may be due to the recent of the coin’s connection with bitcoin price manipulation last year.
Total market cap is at around $288 billion by press time, up from this month’s low of around $264 billion on June 13.
Total market cap of all cryptocurrencies. Source:
The current market rise comes even after the recent from the Bank of International Settlements (BIS), which wrote in a report that cryptocurrencies cannot scale enough to function as money. In response to the BIS report, CIO of the Altana Digital Currency Fund Alistair Milne tweeted:
Quote of the day:
"The Bank of International Settlements saying bitcoin is bad is like turkeys releasing a research paper about all the reasons Christmas is a terrible idea"— Alistair Milne (@alistairmilne)
Published at Tue, 19 Jun 2018 11:21:30 +0000
Altcoin
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