Sunday, July 15: crypto markets continue building momentum, with nine out of the top ten cryptocurrencies by market cap firmly in the green, according to Coinmarketcap.
Bitcoin (BTC) has gone above the $6,300 mark, up about 1.5 percent over the past 24 hours, trading at $6,354 at press time. The top cryptocurrency continues its growth after dipping to an intraweek low of $6,180 on Friday.
Ethereum (ETH) is up 3.4 percent on the day, trading at $448 at press time. The coin has gone as low as $424 during the week, and it is still down around 10 percent over the past 30 days.
Fluctuation in price is the nature of the crypto market as well as the stock market. So, there is nothing to worry. There are two major factors that are currently affecting the crypto price – hacking activities and government decision. Crypto exchanges already have lost several coins in hacking attack and that’s why investors don’t want to keep their coin in online wallet. Another reason is government decision regarding cryptocurrency. There are still many countries that are preventing their citizens from investing in crypto market. It seems that the concept of crypto trading is still not clear to them. However they intend to make new rules for crypto trading so that every crypto transaction could be traced by government body. I hope they will also allow their citizens to invest in crypto market very soon.
Read more here: https://cointelegraph.com/news/crypto-markets-keep-building-momentum-bitcoin-inches-towards-6-400