General Market
Outlook
The market is now consolidating for
the most part, with some altcoins showing continued strong
uptrends. Trading volume saw a major spike to over $30 Billion
earlier today but has now settled to about $17 Billion in 24 hours.
IOST (IOST) the major stand outs of the top 100 coins by market
cap, up almost +30% in the past 24 hours. ZenCash (ZEN) and
Polymath (POLY) are up considerably as well - +16% and +14%
respectively in the past 24 hours. Bitcoin (BTC) is right
around $8,000 For -1% and a total market dominance of about
47%, and Ethereum (ETH) is right at $470 for -1.5% change in the
past 24 hours. Market cap for the overall cryptocurrency market has
dropped around $4 billion doin to $295 billion total.
Major
Headlines
Was that the bottom for
Bitcoin again?
Bitcoin bounced back up over $8,300 after
dropping to lows for this year again last week. Historically,
Bitcoin is less volatile than most altcoins, which will rise higher
and fall farther than BTC. Recently, the overall cryptocurrency
market cap has been rising with Bitcoin, however Bitcoin’s market dominance has
been rising significantly as well. Many of the top 100 market cap
coins are rising higher as they traditionally do, but some others
are holding steady or even dropping in market cap. 2018 has brought
sweeping changes in cryptocurrency law reform, with many investing
platforms opening up more user-friendly avenues for investors to
get into cryptocurrencies, such as Coinbase institutional
Suite or Robinhood’s cryptocurrency
additions.
SEC To Review First Crypto
Index Fund ETF
In October 2017, Bitwise Investments launched the world’s first
cryptocurrency index fund, but that doesn’t always translate into
what is a lasting product. The Bitwise index fund “HOLD 10” is a
mix of BTC, ETH, XRP, BCH, LTC, DASH, NEO, ZEC, XMR and ETC,
weighted by a 5-year-diluted market cap. Coinbase launched
a similar index fund as of March 2018, but only contains
BTC, LTC, BCH and ETH. However, Bitwise has taken it one step
further by applying to the U.S. Securities and Exchange Commission
to register “HOLD 10” as an ETF. The first attempt at a Bitcoin
related ETF was shot down by the SEC in March of 2017, applied for by
Gemini exchange of the Winklevoss twins.
Coinbase Adds
Giftcards
As of Wednesday July
25th, Coinbase offers their
customers in the EU and Australia instant e-gift card purchases
from their cryptocurrency wallet on the platform. This makes
Coinbase the first trading platform to offer direct withdrawals to
gift cards. The new functionality was developed in a partnership
with WeGift. The gift card
platform has most of the highlight purchased brands and services
such as Nike, Tesco, Uber, Google Play, Ticketmaster and Zalando.
Customers purchasing an e-gift card do not receive withdrawal fees
and there are currently bonuses on select e-gifts. The service is
currently available in the UK, Spain, France, Italy, Netherlands
and Australia, but more retailers and markets are coming over the
next three months.
Top 5
Gainers
Flash (FLASH) +77.15% at
$0.012885
Refereum (RFR) +57.50% at
$0.006062
Vertcoin (VTC) +51.82% at
$1.57
NKN (NKN) +36.96% at
$0.221681
AWARE (AT) +33.45% at
$0.011177
Top 5
Losers
Experience Points (XP) -30.30% at
$0.000040
SoPay (SOP) -28.11% at
$0.016294
AMLT (AMLT) -23.34% at
$0.012211
Peercoin (PPC) -21.59% at
$1.65
AC3 (AC3) -21.50% at
$0.231314
New Coins
Listed
Refereum (RFR) listed to
Bittrex
Republic Protocol (REN) listed to
Yobit
TE Food (TFD) listed to
Yobit
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
IOST (IOST)
ZenCash
(ZEN)
Polymath
(POLY)
Cryptocurrencies
Cryptocurrency Index
Fund
Coinbase
Flash
(FLASH)
Refereum
(RFR)
Vertcoin
(VTC)
NKN (NKN)
AWARE (AT)
Experience Points
(XP)
SoPay (SOP)
AMLT (AMLT)
Peercoin
(PPC)
AC3 (AC3)
