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6 August: Bitcoin (BTC) is making several attempts to exceed the $ 7,000 limit, aiming for its recovery after a sharp crash in the market this weekend. Many major cryptocurrencies continue to suffer slight losses, as shown by Coin360 data.
Market display by Coin360
Bitcoin (BTC) is trading around $ 6.974 at the time of printing, down 1.17 percent of the day. The cryptocurrency leader made several attempts to cross the $ 7,000 threshold, trading as high as $ 7,127 in the early hours of trading. These fleeting tips failed to hold at the time of printing and the coin losses in the week now stand above the 14 percent. The month, Bitcoin is still up by almost 5 percent.
Bitcoi The 24-hour price chart of no. Source: Cointelegraph Price Index
Ethereum (ETH) saw negligible fluctuations in the day to trade around $ 403, despite several attempts to break at a higher price early this morning. The upper altcoin is still declining by more than $ 50 in value for its weekly chart, representing a loss of 11.42%. Most of these losses were recorded during a sharp decline at the end of July, with assets that subsequently succumbed laterally for most of August. The month of Ethereum decreased by 13.7%
Ethereum's 7-Day Price Chart Source: Ethereum Cointelegraph's Price Index
On CoinMarketCap's cards, most of the top ten coins are seeing small fluctuations at the time. within a 3% range, with only IOTA (MIOTA) sees a more significant price change, losing 6.5 percent to trade around $ 0.85 at the time of the press. Yesterday, the alt decoupled from the wider market to grow more than 7 percent, with an apparent retracement set today.
Cardano (ADA) and Litecoin (LTC) are traded steadily at the time of printing, both slightly in red, with the first traded at $ 0.13 and the second at $ 0.73 at the time of printing.
Among the top twenty coins by market capitalization, Ethereum Classic (ETC) continues to claim further gains, with a further 6.3% on the day it trades at $ 18.44 at the time of printing. The asset is still riding on the positive momentum triggered by news of his upcoming listing on the popular US cryptography exchange ew Coinbase, service provider allet, set for 7 August.
The Ethereum Classic seven-day pricing table Source: CoinMarketCap
The total market capitalization of all cryptocurrencies is about $ 252 billion at the time of printing, losing a couple of billions the market as a sustained market –
7-day chart of the total market capitalization of all CoinMarketCap cryptocurrencies
the markets continue to hover without conviction, the main cryptocurrency observers are taking stock of the news of the week for the crypt space.
CNBC's Ran NeuNer is anticipating a " huge " market rally among the main revelations from the Intercontinental Exchange (ICE) – the operator of the 23 major world trade including the New York Stock Exchange (NYSE) – Friday scors o
ICE unveiled plans to create a Microsoft cloud-based ecosystem for digital assets that includes federal regulated markets and warehouses and instant fiat-crypto conversion for merchants and consumer needs. Waiting for the green light from the regulators, the NYSE operator will also offer physically delivered Bitcoin futures contracts starting in November
Another sign of further institutionalization is the news of the week that Germany's biggest German stock exchange, the Börse of Stuttgart plans to develop a new platform for Initial Coin Offerings (ICO) and a site for multilateral encryption.
Ari Paul also voiced strong signals of broader and more diverse cryptic adoption in a tweet of yesterday:
"What is the use of cryptocurrency? First were the saturnos darknets and dice, then crowdfunding and trading. we finally have the technology and critical mass for money and P2P games, and soon we'll see an intrusive encryption on Western Union and PayPal and Pokemon. "
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