Blockchain Market Update: 1 July 2019

NKB TEAM 01. 07. 2019

After adding almost 19% ($386bn) on Monday, the total market cap has fallen back down below $320bn as of this morning. Bitcoin reached another yearly high at $13,800, but immediately came down to $10,600, representing a decline of more than 23%. The correction is still on-going (although BTC is still up by almost 3% week-on-week), where BTC is currently sitting at $11k with the next major support laying at $8,800. The rest of the top-30 market is predominantly in the red, with the exception of last week’s top performing asset LINK (+97%), which has spiked on its Coinbase listing announcement. The other best performing assets were Qtum (+29.7%) and VeChain (+16.5%).

  • Bitcoin’s dominance is up by 3.7% (61.3%), the total market cap is down by 2.8% ($316bn)‚ and overall volume is up by 27% ($89.3bn) on the previous week. Bitcoin is up by 17.5%, Ethereum by 13%, XRP is up by 7%, and EOS is up by 1.4%. The best performers among the top-30 crypto were NEO (20.1%), Monero (17.8%) and Bitcoin (17.5%).
  • Bitcoin IRA Launches Crypto Retirement Accounts
  • Amazon-Owned Twitch Quietly Brings Back Bitcoin Payments
  • JPMorgan to Start Customer trials of Its JPM Coin
  • Goldman Sachs Explores Creation of Digital Coin
  • Swiss SIX Stock Exchange Asks the Country’s Central Bank to Issue a Stablecoin
  • Seychelles’ National Stock Exchange Set to List Regulated Security Token
  • LedgerX Wins US Regulatory Approval for Physically Delivered Bitcoin Futures
  • SEC Begins Accepting Public Comments on ETF Backed by Bitcoin and T-Bills
  • BIS’s New Report Warns about Big Tech Entering Financial System

Date: 1 July 2019

Crypto MktCap:  $316 bn

24h volume: $89.3 bn

BTC dominance: 61.3%

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NKB TEAM 01. 07. 2019

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