General Market
Outlook
The market has continues rebound.
Nearly all coins are in the green and trading volume has remained
high, between $19 billion and $12 billion in 24 hours. Centrality
(CNNZ) and Mithril (MITH) are the major stand outs of the top 100
coins by market cap - up over 32% and 30% respectively in the past
24 hours. The Sirin Labs Token is also up a strong 20%,
highlighting the release of their new cryptocurrency friendly
smartphone. The value of Bitcoin (BTC) is just over $4,350 for
+3.0% and a total market dominance of 54.0%, and the value of
Ethereum (ETH) is nearly/just over/roughly/right at $120 for +1.0%
change in the past 24 hours. Market cap for the overall
cryptocurrency market gained over $3 billion, rising/falling to
$140 billion total.
Major
Headlines
Bitcoin Bouncing
Back
The price of BTC closed yesterday
around $4,300 for a 24-hour increase of almost 12%. This represents
the highest daily positive movement since April 12, 2018. At that
time BTC was trading over $6,900 - a 38% from where it is today.
That movement then continued through the month, and by early may
BTC had reached almost $10,000. The Google trend explorer
highlights that the weekly number of worldwide searches for
“bitcoin” have corresponded to this big movement, reaching levels
also not reached since April. In the past three days, searches rose
17% from the all-time-high set in the week of December 17-23, 2017.
This was when Bitcoin was trading near the all time high of
$20,000.
NYSE Chairman
Optimistic
Jeffrey Sprecher attended the
Consensus Invest Conference as a speaker. He is extremely involved
in the cryptocurrency industry as the CEO of the major global
exchange ICE. The Intercontinental Exchange is one of the most
widely used exchanges planning to incorporate cryptocurrencies.
They are the major developer behind Bakkt, the cryptocurrency
platform that hopes to bring true trusted transactions and a suite
of digital asset features to the existing financial markets. He
notes that this is a broad opinion that isn’t focused on one or any
certain coins for making a long term integration into the global
financial system. Will digital assets survive? The unequivocal
answer is yes. We’re kind of agnostic to price.”
Amazon’s New Blockchain
Services
Through AWS, Amazon is adding more
blockchain services for clients to develop blockchain networks
without having to pay their own developers. This isn’t an issue for
developers where companies are trying to skip out on that cost. The
problem is that there aren’t enough developers experience with
blockchain technology to fill the need. In this way Amazon is
helping to allow any interested businesses to get familiar with the
new technology. The first new service, Amazon Managed Blockchain
“is a fully managed service that makes it easy to create and manage
scalable blockchain networks,” that can be built on Hyperledger
Fabric or ethereum.
The second brings Amazon’s cloud
computing into the mix with their Quantum Ledger Database (QLDB).
The fully managed ledger database allows companies to easily
analyze their network activity outside the network and gain
insights into trends.”
Top 5
Gainers
Octoin Coin (OCC) +124.33% at
$0.618337
Ink (INK) +123.28% at
$0.013287
Crowd Machine (CMCT) +47.73% at
$0.005042
Litecoin Cash (LCC) +43.42% at
$0.017095
Consentium (CSM) +42.24% at
$2.04
Top 5
Losers
RusGas (RGS) -65.30% at
$0.000004
VINchain (VIN) -34.85% at
$0.002995
ProChain (PRA) -26.18% at
$0.012780
Dignity (DIG) -26.08% at
$0.012532
WeShow Token (WET) -24.81% at
$0.033059
New Coins
Listed
WXCoins (WXC) listed to
Nucex
GoHelpFund (HELP) listed to
Stex
By: BGN Editorial Staff