Blockchain Market Update: 29 May 2019

NKB TEAM 29. 05. 2019

Last week, we saw a solid rise in bitcoin price towards yearly highs against the US Dollar. BTC price topped near the $8,950 level and recently corrected lower to $8,450. Last week was also very positive for altcoins, LTC(+22.5%) and EOS (+24%), however this morning we experienced a correction in the charts as losses begin to accelerate during Asian trading today. This has knocked $7 billion off the total crypto market capitalization as it slides back towards $265 billion. The top-10 major digital assets are all down by 1-6% except XRP (+1%) in the last 24h, over the past week, however, markets are still up by almost 7%.

  • Bitcoin’s dominance is down by 0.9% (56.5%), the total market cap is up by 9.4% ($268bn)‚ and overall volume remains unchanged ($80bn) on the previous week. Bitcoin is up by 8%, Ethereum by 3.8%, XRP by 8.3%, and EOS is up by 24.7%. The best performers among the top-30 crypto were EOS (24.7%), Litecoin (23.1%) and TRON (14.6%).
  • Institutional & Retail Investors Mark Record Volumes on Derivatives
  • AT&T Now Accepts Crypto Payments
  • Telegram to Launch TON Network in Q3 2019
  • Facebook Plans to Launch GlobalCoin in 2020
  • Yahoo Japan-Backed Crypto Exchange Taotao Launches This Week
  • Russia’s Central Depository to Launch Security Token Blockchain
  • SIX Stock Exchange is Working on a Swiss Franc Stablecoin
  • Israeli Court Rules Bitcoin is an Asset
  • FINRA Approves Grayscale Ethereum Trust
  • Bitcoin May Be Legally Owned in China
  • NYSE Arca Seeks Rule Change to List ETF Backed Bitcoin and T-Bills


Date: 29 May 2019

Crypto MktCap:  $268 bn

24h volume: $80 bn

BTC dominance: 56.5%

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NKB TEAM 29. 05. 2019

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