Saturday, June 16: after a Thursday, crypto markets are experiencing a similarly slight decline, with all of the top ten coins by down by one to three percent in 24 hours to press time.
Market visualization from
(BTC) is down about half a percent over the 24 hour period, trading at at press time. The cryptocurrency has seen significant fluctuation this week, coming down from $7,623 June 10 to as low as $6,267 on June 13. Today, the coin has retraced some of those losses.
bitcoin price chart. Source: Cointelegraph
(ETH) is down by a similar margin, with a decline of under one percent over the past 24 hours. The leading altcoin is trading around the threshold at press time.
Ethereum price chart. Source: Cointelegraph
Total market cap remains somewhat low, currently at $277 billion, according to . Crypto markets have lost around $63 billion in total this week.
Total market capitalization chart. Source:
is one of the more affected coins among the top ten: shedding about 3 percent in 24 hours to press time, it’s currently trading at $10.72. Today EOS Mainnet has experienced a “”, resulting in some downtime. The leading block producers (BPs) of the network are reportedly working on a solution to the issue.
While the top ten coins are experiencing some downward pressure, there is a number of altcoins that are moving in the opposite direction.
Ethereum Classic () has grown by 4 percent in 24 hours to press time, trading at around .
Basic Attention Token () is up 2.8 percent, currently at . The coin, which is ranked 52nd by market cap, is by , a company established by Brendan Eich, ex-CEO of Mozilla.
On June 15, Fundstrat’s head of research Thomas Lee the recent decline in bitcoin with the expiration of bitcoin futures. Lee explained that the latest drop coincided with just one of the six expirations of bitcoin futures that have happened since the Chicago Board Options Exchange () bitcoin futures trading in December 2017.
Published at Sat, 16 Jun 2018 16:46:40 +0000
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