General Market
Outlook
After a steep rise over the weekend
and through Monday, the market is mostly consolidating with some
coins still making big gains. Most of the coins in the top 100 are
up and trading volume is holding steady. Syscoin (SYS) is the major
standout of the top 100 coins, up over 29%. Veritaseum (VERI) and
WAX (WAX) have shown major up trend as well, up over 24% in the
past 24 hours. Bitcoin is right around $6,600 for about no change
and Ethereum is right at $470 for -1% change in the past 24 hours.
Market cap for the overall cryptocurrency market rose briefly to
$275 billion, but dropped back down to about $271 billion, right
where it was yesterday.
Major
Headlines
ING Releases Cryptocurrency
Survey Results
Major international financial
services firm ING conducted a European-focused studyon cryptocurrency
ownership. The Dutch-based organization found that on average 1 in
10 Europeans own cryptocurrencies. CNBC found recently that
less than 8% of Americans own cryptocurrencies. The European study
also showed that 25% believe they would at some point in the future
hold cryptocurrencies. And on average, over half of the 15,000
survey participants were open to change the way they pay for goods
and services. Not many of these participants expect a major Bitcoin
price rise this year.
Malta Passes New Blockchain
Legislation
A member of the parliament in
Malta tweeted the
announcement last week. The country has beaten out
Gibraltar to the first to pass Blockchain related legislation. The
bills in Malta were unanimously passed. They aim to produce
significant growth of the island nation’s blockchain industry with
the ultimate goal of gaining the number one spot for blockchain
businesses. The European country has already gain some major wins
with Binance moving its operations to the country. They have
Berlin-based Neufund assisting in the framework for
tokenized equity offerings.
Q2 2018 Bitcoin Trading
Volume Down Huge
BTC trading volumes on U.S. exchanges continued a
decline that has lasted three months with June closing out 2Q18
with an enormous 87% drop from December 2017 high. For the first
two quarters of 2018. Bitcoin trading volume dropped 71% from 2Q18
to 1Q18. Ethereum has not fared much better. ETh has seen a drop of
60%. Total U.S. Exchange volume for Bitcoin has now dropped to a
low of 7% of global trading versus 25% in March. Other major coins
show even greater declines. The total volume traded on Bittrex has
dropped 95% from the highs December-17 when BTC was nearly $20,000.
It looks like the market is left to those who are
“hodling.”
Top 5
Gainers
Hydrogen (HYDRO) +54.55% at
$0.004615
Memetic (MEME) +52.22% at
$0.134438
Dragon Coins (DRG) +33.85% at
$0.294841
Constellation (DAG) +27.05% at
$0.029177
EDUCare (EKT) +26.89% at
$0.117265
Top 5
Losers
Tezos (XTZ) -% at $1.98
Pure (PURE) -% at
$0.053582
MIRQ (MRQ) -% at
$0.032180
Zippie (ZIPT) -% at
$0.014986
SPINDLE (SPD) -% at
$0.012261
New Coins
Listed
Betrium (BTRM) listed to
Yobit
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Syscoin
(SYS)
Veritaseum
(VERI)
WAX (WAX)
Cryptocurrencies
Blockchain
Hydrogen
(HYDRO)
Memetic
(MEME)
Dragon Coins
(DRG)
Constellation
(DAG)
EDUCare
(EKT)
Tezos (XTZ)
Pure (PURE)
MIRQ (MIRQ)
Zippie
(ZIPT)
SPINDLE
(SPD)