Blockchain Market Update: 21 January 2019
The cryptocurrency market began last week with a 5% spike pushing the total crypto market cap above $124bn on Monday. Following almost a week of inactivity, digital assets were showing a decent momentum up to the end the week, initially pumping the price back to over $125bn on Friday, which subsequently fell back below $120bn for the fourth time since the end of November. Bitcoin has fallen by almost 5% from its intra-week high of $3,760 and is currently sitting at the bottom of the range at $3,580. Ethereum is down by 6.4% at $118 and the gap between ETH and the second largest asset, Ripple, has widened by up to $1bn, as XRP is down by only a little over 4% at $0.318. As usual, the rest of the top tier assets just followed the price action of their larger peers, where both BCH and EOS were down by 5%, Litecoin by 6%. The overall volume remains more or less the same, ranging around the $16bn line. Last week’s best performing assets were Augur (+90%), Steem (+58%) and Binance Coin (+11%).
- Bitcoin’s dominance has fallen by 0.2% to 52.6%. The total crypto market shrank by almost 14% and overall volume is
down by 8% from the previous week. Bitcoin is down by 1.5%, Ethereum is down by 4.4%, XRP is down by 3%, and EOS is down by 0.6%. Best performers among top-40 crypto were Augur (90%) Binance Coin (11%) and Zilliqa (8.5%).
- Wyoming Passes Blockchain Regulatory Sandbox
- Malaysia to Regulate ICOs as Security Offerings
- Bitmain is Shutting down Texas Plans and Amsterdam Office
- Vontobel Launches Regulated Crypto Custody
- Genesis Partners with BitGo to Ease Trading for Institutions
- Bitcoin Mining Less Centralized and Transaction Volume Up by 63%
- Constantinople Hard Fork Postponed
- Cryptopia Exchange Claiming Hack
- Belarus Startup Launches Tokenized Securities Trading Platform
- HSBC Settles $250 Billion Using Blockchain Technology