Crypto Markets See Mix of Purple and Green, Prime 10 Cash in Slight Decline

CoinTelegraph

Cryptocurrencies / CoinTelegraph 59 Views 0

Saturday, June 16: after a slight rebound Thursday, crypto markets are experiencing a equally slight decline, with all the prime ten coins by market cap down by one to 3 % in 24 hours to press time.

Market visualization

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 price chart

Bitcoin worth chart. Source: Cointelegraph Bitcoin Price Index

Ethereum (ETH) is down by an identical margin, with a decline of underneath one % over the past 24 hours. The main altcoin is buying and selling across the $500 threshold at press time.

Ethereum price chart

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.

Total market capitalization chart

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.

Ethereum Basic (ETC) has grown by four % in 24 hours to press time, buying and selling at around $14.50.

Primary Attention Token (BAT) is up 2.8 %, presently at $0.26. The coin, which is ranked 52nd by market cap, is developed by Brave, a company established by Brendan Eich, ex-CEO of Mozilla.

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.

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