Blockchain Market Update: 19 November 2018

NKB TEAM 19. 11. 2018

A bloody week indeed for digital assets, where the total market cap has lost more than 19% as of today. Starting on Wednesday, Bitcoin’s 16% intraday sell off pushed the price to a new yearly low, followed by the 17.5% decline of Ethereum, and the rest of the herd followed. Massive losses have been supported by the 95% increase in volume. Ripple, on the other hand has been dealing with the general market pressure exceptionally well, where the initial 12% sell off recovered by the end of the week and due to this, XRP overtook ETH as the second largest asset. For a while last week, Bitcoin was forming the support around $5,600, however European traders woke up to another 6% decline this morning. Reasoning behind the sharp price decline is not clear yet, some naming the Bitcoin Cash fork as a trigger, while more experienced traders stating that they aren’t seeing enough new buyers. At the time of the writing, BTC sits at $5,290, ETH at $156 and XRP is at $0.48.

  • Bitcoin’s dominance rose to 53.4% from 52.4% a week ago. The total Crypto Market fell by almost 19%, and overall volume remains around $15 billion. Bitcoin is down by more than 16%, Ethereum lost 25%, XRP is down by 6%, and EOS is down by 21%. Best performers among top-40 crypto were Ripple (-6%), Bitcoin Gold (-7.4%) and NEM
  • SEC Issues Statement on Digital Asset Securities and Trading
  • SEC Continues to Strike Against Unregistered ICOs
  • China Shuts Down Two Mining Farms
  • 69% of Central Banks Study Digital Currencies
  • Bitcoin Cash Fork War
  • Kik is Leaving Ethereum for Stellar
  • Oil Industry Giants Forming Blockchain Platform
  • Swiss Stock Exchange Lists First Multi Crypto-Based ETP
  • Singapore Develops Settlement System for Tokenized Assets
  • Security Token Industry Overview

Date: 19 November 2018

Crypto MktCap: $172 bn

24h volume: $15 bn

BTC dominance: 53.4%

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NKB TEAM 19. 11. 2018

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