Blockchain Market Update: 5 November 2018

NKB TEAM 05. 11. 2018

After the general crypto market started the last week with a sell off, where the total market cap fell by more than 3% on Monday, the cryptocurrency market has been in recovery mode since, and all 20 major coins are in a green zone. Total market capitalization has settled below $212 billion versus $201 billion a week ago, with volume of $14 billion, representing a 40% increase versus the previous Monday. Last week’s recovery was surprisingly not led by Bitcoin, but by its younger relative Bitcoin Cash, with almost 38% increase from its weekly lows due to a hard fork scheduled for November 15th.

  • Bitcoin’s dominance fell to 52.8% from 53.7% a week ago. The total Crypto Market rose by 1.3%, and overall volume spiked by more than 40% over the past 7-days. Bitcoin is down by 0.3%, Ethereum gained 2.6%, XRP rose by 1.9%, and EOS is up by 2.1%. Best performers among top-40 crypto were Basic Attention Token (30%), Bitcoin Cash (28%), Dash (7.8%) and Monero (7.3%).
  • UK Government Publishes Crypto Regulatory Report
  • SEC Seized 20 ICOs in 2018 Fiscal Year
  • Hong Kong Will Regulate Crypto Funds under Existing Regulation
  • Bitstamp Acquired by NXMH
  • Morgan Stanley’s Updated Crypto Report
  • Binance Signed 40,000 Users within First Week in Uganda
  • JP Morgan to Tokenize Gold bars
  • Happy 10th Anniversary Bitcoin!

Date: 5 November 2018

Crypto MktCap: $211.8 bn

24h volume: $13.9 bn

BTC dominance: 52.8%

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NKB TEAM 05. 11. 2018

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