[ad_1]
The cryptocurrency market closed a disastrous week on a low note on Friday, as most major currencies are trading that day.
Here is an overview of some of the titles that were moving the crypto-currency market this week and currencies in motion.
Securities
Crypto-currency markets saw extreme volatility this week due to controversial dispute in Bitcoin Cash on Thursday. Disagreements over the latest update of the Bitcoin Cash software and confusion over its impact on the futures market have resulted in a "crypto civil war". Strong sales triggered stop loss orders, sending cryptocurrency across the board and bitcoin to a new 52-week low below $ 6,000.
On Thursday, Rob Sluymer, an analyst at Fundstrat Global Advisor, said the technical breakdown in the bitcoin chart this week will take "weeks, if not months, to fix." The price of bitcoins fell below $ 5,600 for the first time since October 2017. The popular cryptocurrency closed the week down 58.5% since the beginning of the year.
While attention was focused on bitcoin and bitcoin deals this week, Ripple's XRP cryptocurrency has adopted the Ethereum bitcoin alternative as the second most valuable cryptography in the world by market capitalization. Ethereum's value fell 38.6% in the last three months, bringing its market capitalization to $ 18.1 billion. The value of XRP increased by 61.1% over the same period, bringing its market capitalization to $ 18.7 billion.
Price action
the Bitcoin Investment Trust (OTC: GBTC) closed at $ 6.05, down 15.7% for the week.
This is how the most important investments in cryptography took place this week. Prices are from 15:45 ET and reflect the previous seven days.
- Bitcoin fell 13.1% to $ 5,556;
- The XRP declined 6.9% to 46 cents;
- Ethereum fell 16.5% to 175 USD;
- Bitcoin Cash decreased 26.6% to 408 USD;
- Stellar fell by 7% to 23 cents.
The three crypto-currencies with a market capitalization of at least $ 1 million and the largest gains over the last seven days are as follows:
- dietbitcoin: market capitalization of $ 2 million, gain of 2,313.2%.
- Nasdacoin: market capitalization of $ 60 million, gain of 459.6%.
- Dimecoin: market capitalization of $ 19.6 million, gain of 239.3%.
The three most affected cryptocurrencies in the last seven days are:
- NewYorkCoin: market capitalization of $ 1.1 million, down 64.8%.
- Cashbery Coin: market capitalization of $ 1.2 million, down 54.4%.
- CoinToGo: market capitalization of $ 1.1 million, down 51.6%.
Related links:
This Week in Cryptocurrency: Bitcoin Cash Rises, Square Bitcoin Trading Revenues
Bitcoin falls to less than $ 6,000 while Cryptos is a big hit for Bitchoin Cash Fork
© 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
[ad_2]Source link
