July 25: (BTC) is holding its newly won gains, having led the week’s impressive to stay above $8,000. Other leading cryptocurrencies are seeing mixed fortunes, according to data from .
Market visualization from
(BTC) is trading around $8,200 to press time, down about half a percent on the day. The leading asset surged as high as $8,483 during early trading hours — a price point it has not seen since mid-May — subsequently retracing to its current level.
bitcoin’s weekly and monthly gains are at a bullish 10 and 34 percent respectively, according to data from Cointelegraph’s price index.
bitcoin 24-hour price chart. Source: Cointelegraph
BTC dominance by market capitalization continues to inch upwards, now at according to CoinMarketCap, after its 2018 record-high earlier this week.
Reddit co-founder Alexis Ohanian — whose VC firm Initialized Capital was one of U.S. crypto ’s first investors — in a fresh interview that the “battle-tested” coin is “certainly the most robust” noting that “as volatile as it’s been…[bitcoin] continu[es] to go up over the long term.”
(ETH) is trading around $471 at press time, seeing around a 1 percent loss on the day. The top altcoin has seen considerable price movement between its morning peak at $484 and subsequent dip to as low as $464. Ethereum has now lost 4.84 percent on the week, but remains almost 1 percent up on the month.
Ethereum’s 24-hour price chart. Source: Cointelegraph
On ’s listings, the top 10 coins by market cap are a mixed bag, with negative fluctuations capped at under 3 percent, and the heftiest gain pushing 1 percent growth over the 24-hour period.
(BCH) is down about 2.5 percent and is trading at $838 to press time, after an intra-day tumble to around $833, according to CoinMarketCap.
bitcoin Cash 24-hour chart. Source:
Meanwhile, has been the strongest top 10 performer, seeing a solid 1 percent growth and trading around $8.48 to press time.
(LTC) is trading around $86.89, down roughly 1 percent on the day, with (ADA) seeing an almost 3 percent loss and trading around $0.17 to press time.
Of the top 20 coins on CoinMarketCap, crypto exchange ’s native token (BNB) — ranked 18th — has skyrocketed almost 10 percent on the day, trading around $13.13 to press time. The token is nonetheless just short of its weekly high at $13.72.
(XTZ) has been hit with steep losses of almost 5 percent, trading at around $2.13 to press time, following news that “Big Four” auditor PricewaterhouseCoopers () will conduct an external audit of its finances and operations.
While the Foundation has heralded the news as a watershed moment — it is “the first” large-scale blockchain organization to be monitored by PwC — the news has perhaps nonetheless drawn fresh attention to that have the project since last year.
Total market capitalization of all cryptocurrencies is around $297 billion at press time, after surging to around $304 billion during early trading hours.
Total market capitalization of all cryptocurrencies from
EToro senior analyst Mati Greenspan today that bitcoin’s bull run this week has been led by a spike in trading volumes on the and crypto markets, also that average have inched past 2.5 per second for the first time since February this year.
1-year chart of bitcoin’s average transaction rate. Source: Blockchain.com
As a mark of the nascent industry’s rising status, Fortune this week a crypto-focused version of its prestigious “40 under 40” honor roll for the first time, dedicated exclusively to innovators at the helm of the “financial revolution” ushered in by cryptocurrencies and .
Published at Wed, 25 Jul 2018 14:05:00 +0000
