Wednesday, July 11: crypto markets are experiencing a slight decline with the total market cap down just $2 billion from the same time yesterday.
Bitcoin is fluctuating between $6,300 and $6,400 price points today.
At press time, the cryptocurrency is trading at around $6,330, down 0.8 percent over the 24 hour period.
Ethereum is down 0.75 percent on the day, trading at $434 at press time.
Total market capitalization of all cryptocurrencies is similarly slightly down from yesterday levels, currently at around $252 billion, according to Coinmarketcap.
As of press time, Litecoin is up just a little over zero percent and is trading at around $77. On Tuesday, July 10, the LTC Foundation obtained a 9.9 percent stake in Germany's WEG Bank AG via a strategic partnership deal with TokenPay.
While the crypto markets are suffering losses for the second day in a row, co-founder and president of crypto startup TenX Julian Hosp expressed optimism about Bitcoin today, claiming that he is still "Quite confident" BTC would hit $60,000 in 2018.
Crypto Markets Slightly Down, EOS Sees Some of Biggest Losses
Udgivet den Jul 11, 2018
by Cointele | Udgivet den Coinage
Coinage
Nævnt i denne artikel
Seneste nyheder
Se alt
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.