Blockchain Market Update: 23 July 2018

NKB TEAM 23. 07. 2018

The upswing of the crypto market was driven by Bitcoin volumes mostly, which added 19%. The best performers among the top-40 crypto assets were Bitcoin Diamond (+117% upon the news of its listing on HitBTC), Stellar (+33%), and Cardano (+21%). It was a good week as further names were added into Coinbase’s list to be potentially accepted for trading. Stellar made an announcement about a Sharia compliant certification. Ontology lost 5%, IOTA 1%, and ICON 1%.

  • The Bitcoin dominance increased from 42.7% to 45.6%, moving up due to Bitcoin’s increased trading activity and 19% price appreciation over the course of a week. The best performers among the top-40 crypto assets were Bitcoin Diamond (+117%), Stellar (+33%), and Cardano (+21%). It was a good week as further names were added into Coinbase’s list to be potentially accepted for trading.
  • RBI to Supreme Court message to regulate bitcoin
  • Bitcoin Diamond listed on HitBTC
  • Stellar received Sharia compliance certificate for payments and asset tokenization
  • BlackRock may potentially enter Bitcoin products market
  • Ethereum off-chain payment channel Raiden launches second Testnet

Date: 23 July 2018

Crypto MktCap: $288 bn

24h volume: $13bn

BTC dominance: 45.6%

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NKB TEAM 23. 07. 2018

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