Crypto Today: Bitcoin is in a full lockdown under $7,000

Here’s what you need to know on Wednesday

Markets:

BTC/USD is hovering around $6,900. The coin has been mostly range-bound in the recent 24 hours as the psychological $7,000 stays intact. The first digital coin has is moving within a short-term bearish trend amid shrinking volatility.

At the time of writing, ETH/USD is changing hands above $158.60. The second-largest coin hit the intraday high $161.44 but failed to hold the ground. Despite the retreat, it is still 1% higher from this time on Tuesday. ETH/USD is moving in a short-term bearish trend in sync with the market. The volatility is shrinking.

XRP/USD is locked in a tight range below $0.1900 during early Asian hours. At the time of writing, the coin is changing hands at $0.1888, mostly unchanged both since the beginning of the day and in the recent 24 hours.  From the short-term perspective, XRP/USD is trading within a bearish trend amid low volatility.

Among the 100 most important cryptocurrencies, Quant (QNT) $5.16 (+11.9%), Terra (LUNA) $0.2047 (+11.0%) and Komodo (KMD) $0.4424 (+9.7%) are in the green zone. The day’s losers are Nervos Network (CKB) $0.0049 (-3.8%), Digitex Futures (DGTX) $0.0437 (-3.7%), Chainlink (LINK) $3.28 (-3.5%).

Chart of the day:
ETH/USD, 30-min chart

Industry

The founder of TRON, Justin Sun, announced JUST airdrop for TRON (TRX) holders. TRX users will receive the first batch of new tokens on May 20.The team plans to distribute 257,400,000 JST (2.6% of the total supply) over the next 12 months. Commenting on the news, Sun wrote:

And here is another wonderful news for #TRON #TRX holders!#JUST the foundation will airdrop $JST tokens every month during the next two and a half years and the ONLY users who are eligible for the #airdrop are TRON $TRX holders!

The European cryptocurrency trading services provider 2gether registered a 13-fold increase of transaction volume from November 2019 to March 2020. Around the half of all transactions (worth €10,067,627) are related…

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