Market visualization from Coin360
Bitcoin (BTC) is down about half a % over the 24 hour interval, buying and selling at $6,530 at press time. The cryptocurrency has seen vital fluctuation this week, coming down from $7,623 June 10 to as low as $6,267 on June 13. Immediately, the coin has retraced some of those losses.
Bitcoin worth chart. Source: Cointelegraph Bitcoin Price Index
Ethereum worth chart. Supply: Cointelegraph Ethereum Price Index
Complete market cap remains considerably low, presently at $277 billion, in line with Coinmarketcap. Crypto markets have misplaced round $63 billion in complete this week.
Complete market capitalization chart. Supply: Coinmarketcap
EOS is among the extra affected coins among the prime ten: shedding about three % in 24 hours to press time, it’s presently trading at $10.72. At present EOS Mainnet has skilled a “freeze”, leading to some downtime. The leading block producers (BPs) of the network are reportedly engaged on a solution to the difficulty.
Whereas the highest ten coins are experiencing some downward strain, there's a variety of altcoins which are shifting in the other way.
On June 15, Fundstrat’s head of research Thomas Lee linked the current decline in Bitcoin with the expiration of Bitcoin futures. Lee explained that the newest drop coincided with simply one of many six expirations of Bitcoin futures which have happened because the Chicago Board Options Trade (CBOE) launched Bitcoin futures trading in December 2017.