Market Watch July 6

Bitcoin and Ethereum

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Good news for BTC holders as Bitcoin is still finding stability within the $6,500-$6,600 regions over the last 24hrs, trading at $6,509 at press time with a market cap for $113 billion.

Also, enjoying the march back to the high side, Ethereum is trading at $467, with a market cap of $47 billion. This brings the combined market cap for the top two coins at $160 billion in the last 24hs.

Even though it may not have been the best of days for other coins which make up the top 10, the ongoing Bitcoin and Ethereum renaissance will greatly contribute to the total market cap for all cryptocurrencies which now hovers slightly below $264 billion.

Major Headlines

Malta Passes Blockchain Bills Into Law, ‘Confirming Malta as the ‘Blockchain Island’

India’s Largest Ruling Party Accused of a ‘mega bitcoin scam’ in Gujarat, Bharatiya Janata Party (BJP) says it’s a conspiracy.

Huobi Launches Australian Exchange Ahead of Blockchain Investment Plans.

Significant Gainers And Losers

MARK.SPACE (+45.55%)

Mark.Space (MRK) ended the day with a 45.55% rise against the dollar, trading at $0.061 with a volume of $4,116,660. Over the past week, the value of the token was steadily stabilized despite being available on very few exchanges. The 24h surge, however, comes after the project team announced that MRK has been listed on another exchange ‘Qryptos,’ and more listing would send the token to great heights.

Dent (+45.55%)

Good news for investors as Dent (DENT) is now available on Binance for trading. The new listing is the big reason why DENT emerged as one of the most significant gainers in the crypto market soaring with a 44.55 percent increase in its price against the dollar market. It also saw a positive movement against the BTC and ETH markets with a rise of 46.84% and 47.48% respectively. At the time of writing, DENT trades at $0.0051 with a 24h trading volume of $16,028,500.

LoyalCoin (+44.12%)

LoyalCoin (LYL) has been on a stable movement over the last week. LYL saw a 44.12 percent surge against the USD in the past 24h period, trading at $0.0048. At the time of writing, LYL has a trading volume of $172,581 and a market cap of $24,704,980. One reason for the surge could be the ongoing Manila Meetup.

Tezos (-35.53%)

Tezos (XTZ) is the most significant loser in the last 24h trading period with a 35.53 percent decline against the USD market. Tezos launched its BetaNet few days ago, requesting ICO contributors to claim their tokens. The price decline, however, could be a dump from investors, who have successfully claimed their tokens. These investors are probably short-term investors in the Tezos project. As at the time of writing, XTZ trades at $1.23, with a volume of $13,682,800.

Cryptocurrency charts by TradingView

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