Check out last week’s digest on cryptocurrency market changes, top 3 coins stats, top gainers and losers and the most notable cryptocurrency news.
Last week was marked mainly by the CBOE’s rejection of Bitcoin futures, SEC chairman’s statement and canceling of the first IEO on Bittrex. Hope you find it helpful and as usual – happy trading!
Cryptocurrency market stats
The growth of crypto market capitalization slowed down a bit in comparison with the previous week, but the overall trend was still bullish.
|Stat||Value (7d change)|
|Cryptocurrencies||2 106 (+0.24%)|
|Markets||16 340 (+0.63%)|
|Market Cap||$139 081 830 400 (+3.93%)|
|BTC Dominance||50.8% (-0.80%)|
Major coins price stats
Bullish trend continued and as a result Bitcoin, XRP and Ethereum increased their crypto values. Ethereum is leading here with 2.37%.
|Coin||Close||7d Gains||7d High||7d Low|
|Bitcoin||4 025.23||+1.87%||4 077.04||3 863.56|
Ormeus Coin is a leader of the top gainers with more than 1 845% added to its price.
|Coin||Symbol||24h Volume||Price||7d Increase|
|Ormeus Coin||ORME||$3 093 236||$1.11||1 845.13%|
|Noah Coin||NOAH||$801 688||$0.000602||306.92%|
|Crypto.com Chain||CRO||$14 205 336||$0.070998||214.54%|
Influence Chain, CoTrader and Sphere had significant losses during last week.
|Coin||Symbol||24h volume||Price||7d Drop|
|Influence Chain||INC||$60 316||$0.016996||44.19%|
Quote of the week:
Hester M. Peirce, commissioner at the U.S. Securities and Exchanges Commission (SEC), during the MIT Bitcoin Expo 2019: “One really important thing to remember is that people regulate each other in their interactions with one another, and that’s the whole purpose of the Bitcoin idea, that it would be a community that would be able to regulate itself. As problems arise, people in that community are thinking about how to deal with those problems. One model would be to have a government regulator, but I don’t think that’s the only model.”
In case you missed it:
- Bittrex International, a part of United States cryptocurrency exchange Bittrex, has canceled its first initial exchange offering (IEO). As announced, Bittrex International planned to host the IEO of the RAID token, but it was canceled due to the “significant changes in the business status of RAID”. More specifically, the reason was the termination of the strategic partnership between OP.GG and RAID, “which was a vital part of the RAID project”.
- Securities and Exchanges Commission (SEC) Chairman Jay Clayton confirmed that Ethereum (ETH) and similar cryptocurrencies are not qualified as securities. As stated in his letter, a digital asset’s status is not static and can change over time. Initially a digital asset may meet the definition of security, “but that designation may change over time if the digital asset later is offered and sold in such a way that it will no longer meet that definition.”
- The Chicago Board Options Exchange (CBOE) will not add a new Bitcoin (BTC) futures market. Currently listed Bitcoin futures will be available for trading until June when the last one expires.