Crypto markets are consolidating their , today, July 3, as data from shows, with (BTC) trading above $6,500. Markets took an upswing starting June 30, and have since stabilized their growth, with most of the top coins seeing small gains and losses on the day to pres time.
Market visualization from
bitcoin is trading currently around at press time, down just 1.5 percent over the 24-hour period. The leading cryptocurrency has seen an intraday high of $6,687, holding comfortably above the , which Fundstrat’s Robert Slyumer earlier this week would be crucial for gaining momentum to reverse its recent downtrend.
bitcoin price chart. Source: Cointelegraph
Top altcoin (ETH) is trading around to press time, down 2.4 percent over the past 24 hours. The coin say an intraday high of $484.5, and is up about 4 percent on the week.
Ethereum price chart. Source: Cointelegraph
On ’s listings, the top ten coins by market cap are seeing mixed reds and greens, most are showing only minor percentage gains and losses.
(XRP) is significantly out-performing other major altcoins, seeing a solid gain over the 24 hours to press time, trading at $0.49.
Ripple’s relatively strong growth comes despite increasing competition in blockchain-powered platforms that target interbank solutions. Earlier today, European trading platform we.trade it had completed its first live operations today between five major banks and twenty firms, using Blockchain Platform, underpinned by Fabric.
XRP seven day chart from
Total market capitalization of all cryptocurrencies is at around billion at press time, up a significant 15 percent from an intra-weekly low of $232.6 billion June 29.
Total market capitalization of all cryptocurrencies from
Positive news has been forthcoming this week from The European Parliament, whose advised lawmakers not to “ban” or “ignore” cryptocurrencies, forecasting that they “will remain with us for a while.” The report praised crypto global transaction networks as being “relatively safe, transparent, and fast,” and characterized cryptocurrencies” as “a contemporary form of private money.”
With the markets’ vigorous in late June and current consolidation, many will be eyeing the response of institutional investors.
Just yesterday, major crypto exchange and wallet provider announced that its digital assets custodian solution for institutional investors had launched, secured through an -compliant and FINRA-member independent broker-dealer.
Coinbase had previously it believes the right services and investment instruments for the crypto space could “unlock $10 billion of institutional investor money sitting on the sideline.”
Published at Tue, 03 Jul 2018 19:48:00 +0000
Altcoin
