Crypto market daily report - June 15, 2018
June 15 2018 - 10:46AM
ADVFN Crypto NewsWire
The cryptocurrency markets continued
to show slight gains on Thursday and these were taken into Friday,
although there was retracement for some currencies on low turnover.
BTC continued to recover from its drop to $6,100 and was trading at
around $6,600 at press time. News that several firms were getting
licenses for wallets and other general operations undoubtedly
boosted the price.
Bitcoin Cash also moved
consistently forward and was trading at around $880 at press time
on Friday, although this was a retracement from the $900 seen on
Thursday afternoon. Still, news that U.S. cryptocurrency exchange
ItBit had added a number of cryptocurrencies on its roster,
including Bitcoin Cash, undoubtedly provided some boost to prices
in general.
Ethereum also showed a
considerable increase after it was announced that the U.S.
Securities and Exchange Commission (SEC) would not be classifying
the cryptocurrency as a security. In fact, the price rose to around
$530 before settling at around $510 at press
time.
Ripple was also up by
about 8% from its low of $52 and was trading at $0.55 at press
time. There was some bad news for the cryptocurrency after Western
Union shot down proposals to added the coin to its arsenal,
although these statements have changed several times in the past.
Litecoin retraced slightly from the $100 level but appeared to be
well supported at $98, with a push forward well over the $100 mark
to be expected.
EOS had a considerable boost
after it was announced that the main net had reached the 15% voting
rights threshold so everything could continue as planned. The price
sailed over the $11.50 mark on Thursday evening and settled at
around $11.10 at press time, with further increases possible in the
short to medium term.
Currencies with smaller
market caps also saw considerable gains over the past 24 hours,
with Stellar showing a 15% increase to around $0.24 although there
was a slight retracement to the $0.23 level at press time. NEO
initially sailed past the $40 level but eventually retraced
slightly although there’s good support at that level. IOTA and
Cardano were stable at the $1.29 and the $0.17 level after having
increased significantly from their lows of mid-week. Dash was up to
the $270 mark, while Ethereum Classic increased by about 5% to the
$13.70 level.
Note: Tokens on the
Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin
Cash (BCH) is today the only Bitcoin implementation that follows
Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic
Cash. Bitcoin BCH is the only major public blockchain that
maintains the original vision for Bitcoin as fast, frictionless, electronic
cash.
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