Price Watch: Bitcoin, Ethereum, Cardano, Stellar Find Support

The overall cryptocurrency market remains in its monthly lows but showing signs of finding support.

Bitcoin, currently ranked #1 by market cap, is up 1% over the past 24 hours.

The investment bank is now looking to expand its Bitcoin futures trading desk into services for direct cryptocurrency trades.

Despite a recent downturn in the cryptocurrency markets, institutional investor attention is at an all-time high.

Ethereum, currently ranked #2 by market cap, is up 0.06% over the past 24 hours.

Crypto markets are bleeding red subsequent to a Japanese financial watchdog move that saw business improvement orders issued to six of the largest Japanese cryptocurrency exchanges.

Cardano, currently ranked #8 by market cap, is up 2.34% over the past 24 hours.

On June 20, 2018, Cardano founder, Charles Hoskinson took to Twitter to share optimism for the future of cryptocurrency in the midst of media doubt.

With developing regulation and institutional investor interest on the rise, Hoskinson conveyed an imminent bull run in the cryptocurrency market - going as far as to say that the total industry valuation will eventually reach the multi-trillions.

Despite current speculations of market direction, Hoskinson's prediction seems to align with the evident increase in adoption by major financial firms, such as Goldman Sachs and Intercontinental Exchange revealing plans to open cryptocurrency and Bitcoin futures trading desks.