|Day's Range||0.276 - 0.291|
|52 Week Range||0.1483 - 3.2900|
|Volume (24hr) All Currencies||189.78M|
The leading cryptocurrencies show a two-digits sell-off on Tuesday: Ethereum (ETH) has lost more than 17%, XRP fell by 14.5%, and Cardano (ADA) has plummeted more than any other major cryptocurrency by almost 20%. Bitcoin dropped 6% to trade near $6000.
Of all the major “alt-coins,” the alternatives to Bitcoin that have sprung up this decade, none has been more focused on becoming “real money” than Ripple (CCC:XRP-USD). If any alt-coin is going to become a medium of exchange, rather than a speculative asset, it will be Ripple. As Bitcoin’s value has fallen through 2018, from a high of $20,000 to its August 8 price of about $6,500, Ripple has come down right along with it.
Below you can find an overview of what happened in July in the world of cryptocurrencies – brought to you by SimpleFX CFDs trading platform. One of the events that attracted a lot of attention was the launch of Augur, a platform for making predictions for real-life events. Taking a look at the regulatory climate, if we are wondering where to set up our FinTech business, Malta is definitely the place to watch closely.
The majors kicked off the day in positive territory, though the bearish moves through the last week could be an issue for some.
A separation between XRP and Ripple is set to come into effect, a move that will allow both retail and institutional investors to have a clear idea of what the two are and what they stand for.
In the middle of the previous week the rally got stuck near $8300 level and since then the Bitcoin’s price has slowly decreased.
South Korea to end crypto tax breaks South Korea revealed plans to end crypto exchanges’ tax breaks. The news caused major cryptocurrency prices, including Bitcoin’s (BTC-USD) to tumble on Tuesday. The authorities used the excuse that even though the crypto market is growing rapidly, trading platforms are not offering enough security to end users. so […] The post Cryptocurrency Daily Roundup July 31 appeared first on Market Exclusive.
This year has been touted as a “long-lasting crypto winter”. Just look at a brief history of crypto’s biggest coin for context. Sure, Dec. 1, 2017, bitcoin marched past the $10,000 mark. By Dec. 16, bitcoin leaped to roughly $21,000. Eager crypto investors wondered: could the coin rocket much farther beyond $20,000?
Government bodies worldwide are reacting to the emerging dominance of cryptocurrencies on the world financial stage. Some of them are instituting regulations on these virtual coins while others are formally recognizing or introducing them. Uber co-founder, Garret Camp, launched a cryptocurrency trading app as well. Here is the cryptocurrency roundup news for July 26, 2018. […] The post Cryptocurrency Roundup News July 26, 2018 -India’s Law Commission Recognizes Cryptocurrencies as a Valid Form of Payment appeared first on Market Exclusive.
Bitcoin Bullish Run Continues Bitcoin (BTC-USD) started the week with a five percent gain setting the stage for another week of rallying. More specifically, it hit $7,785.37 according to CoinDesk. That means this cryptocurrency is up by 20% compared to its performance last week where it broke past $7,000. Now it is on a steady rise […] The post Cryptocurrency News Roundup July 24 appeared first on Market Exclusive.