Blockchain Market Update: 8 April 2019

NKB TEAM 09. 04. 2019

After weeks of accumulation, digital assets saw massive gains over the past week, where the total crypto market cap rose by 23% from $145bn to $183bn. The spike, initiated by Bitcoin, which saw a price jump of 15.3% on Tuesday morning after a large, anonymous buyer placed a $100 million algorithmic order, spread across exchanges Coinbase, Kraken and Bitstamp. The orders were placed in increments of 7,000 BTC at a time and triggered a flurry of subsequent trading volume in the cryptocurrency markets. The move has liquidated $500m of short-sellers on BitMEX alone. Bitcoin is now trading above its 50, 100 and 200 daily moving averages for the first time in nearly fifteen months.

  • Bitcoin’s dominance is up by 1.2% (50.7%), the total market cap is up by 26% ($183bn)‚ and overall volume is up by 88% ($61.7bn) on the previous week. Bitcoin is up by 27.2%, Ethereum is up by 26.8%, XRP is up by 15.3%, and EOS is up by 30.5%. The best performers among the top-20 crypto were Bitcoin Cash (85.3%), Ethereum Classic (52.5%) and Litecoin (47.7%).
  • Coinbase Expands into Cross-Border Payments
  • PayPal Enters Blockchain Space
  • BC Group Launches Insured Crypto Custody for Asian Investors
  • China is Leading the World in Blockchain Projects
  • Templum Partners with MIH to Launch Digital Securities Exchange
  • Tokeny and DLA Piper Form Digital Securities Alliance
  • Number of STOs Increased by 130% in Q1 2019
  • Malta’s Financial Regulator Approves First 14 Crypto Assets Agents
  • SEC Issues First No-Action Letter Clearing ICO Token Sale
  • SEC Issues Token Investment Framework

 

Date: 8 April 2019

Crypto MktCap:  $145 bn

24h volume: $61.7 bn

BTC dominance: 50.7%

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NKB TEAM 09. 04. 2019

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