Blockchain Market Update: 29 July 2019

NKB TEAM 29. 07. 2019

The correction phase after a parabolic rise of digital assets still continues as the majority of the top-30 coins ended the week in negative territory. Bitcoin has seen a continuous drop from $10,500 to $9,150 as of early this morning, although is bouncing back immediately above $9,500, which is where it was trading over the weekend. The total market capitalisation has fallen by $20bn to $267bn, trading volume has slipped by $3bn to $48bn and Bitcoin’s dominance has reduced by 0.7% to 64.5%.

  • Bitcoin’s dominance is down by 1.1% (64.5%), the total market cap is down by 7.7% ($265bn)‚ and overall volume is down by 5.9% ($48bn) on the previous week. Bitcoin is down by 9.1%, Ethereum by 5.4%, XRP is down by 5.1%, and Litecoin by 8%. The best performers among the top-30 crypto were V Systems (14.3%) and Maker (1.2%).
  • Circle is Moving Majority of Poloniex Operations Offshore
  • Iran to Legalize Crypto Mining
  • Daimler is Building Hardware Wallet
  • GitHub Starts Blocking Developers in Countries Facing US Trade Sanctions
  • The Amount of Untouched Bitcoin for at Least Five Years at All-Time High
  • Fundament Receives Green Light to Issue Tokenized Real Estate Backed Bond
  • ICO, STO, IEO Funding Nearing All-Time Lows
  • Facebook Won’t Rule Out Libra Launch without US Approval
  • IRS to Send Warning Letters to Crypto Owners

Date: 29 July 2019

Crypto MktCap:  $265 bn

24h volume: $48 bn

BTC dominance: 64.5%

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NKB TEAM 29. 07. 2019

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