Weekly Crypto Market Update

  • Bitcoin’s dominance is downby 0.5% (55.6%), the total market cap is down by 5.9%($254bn)‚andoverall volume is down by 15.3%($61bn) on the previous week. Bitcoinis down by0.4%, Ethereumby0.6%, XRPis up by4.8%, and EOSisdownby 5.1%. The best performers among the top-30 crypto were Chainlink (30.2%), Litecoin (23%) and VeChain (9.1%).

  • OKCoin Launches Euro Trading and Malta Office

  • Marshall Islands to Launch Government-Backed Token

  • 74% of Bitcoin Mining Uses Renewable Energy

  • Facebook to Reveal Its Crypto Project Details on 18th June and Plans to Charge $10m License Fee for Node Operators

  • Taotao Exchange Launches

  • Swarm Launches Zero-Fee Digital Securities Platform

  • SEC Files Lawsuit against Kik ICO

  • Japanese Tax Authorities to Combat Under-Reporting Crypto Investors

  • India Proposes Bill to Ban Use of Cryptocurrencies

Market Momentum

Digital assets recorded a fairly volatile week, where the total market cap ranged from $240bn to $260bn. After several attempts of breaking below the $7,400 support level, BTC spiked by 4% on Monday afternoon towards $8,000. All major assets have followed the price action of BTC, which has resulted in $8bn being pumped back into the the total market cap, where Litecoin surgedby 20%. Last week the best performers among the top-30 assets were Chainlink (30.2%), Litecoin (23%) and VeChain (9.1%).

Figure 1. The performance and market capitalisation of top-30 cryptocurrencies (by MktCap)

Source: coinmarketcap.com, as of11thof June2019 as of 09:00 AMBST.

Figure 2. Worst performing digital assets* (7 days)

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Source: coinmarketcap.com, *) MktCap>=$50m

Figure 3. MktCap of worst performing digital assets*

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Source: coinmarketcap.com, *) MktCap>=$50m

Figure 4. Best performing digital assets (7 days)

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Source: coinmarketcap.com, Mkt Cap >=$50m

Figure 5. MktCap of best performing digital assets

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Source: coinmarketcap.com, Mkt Cap >=$50m

Figure 6. Top-30 digital assets by MktCap valuation

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Source:…

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