Makret overview and news

 

OVERVIEW:

At present, the total market capitalization of cryptocurrency is around $218 billion US dollars, a slight decline of 1% compared with the previous day of 220 billion US dollars. Bitcoin price temporarily reported at $6,623.7, accounted for 0.68% gain; Ethereum Price reported at $227.49, 1.1% decline in comparison to yesterday; Bitcoin Cash Price reported at $518.25 US dollars, -2.45% decline; EOS reported at 5.87 US dollars, -1.0% loss, according to Citicoins.

1. The price change within half an hour can better reflect the dynamic changes of the coins and tokens.
2. The trading volume refers to the liquidity (influentially holders’ activity and interests) to the market within a certain period of time. The trading volume rated high indicates the liquidity is great. However, it often has strong speculation extents and usually been favored by “whales” for price control and operation. Thus the risk is relatively large as the price fluctuation is big.

NEWS:

1. EOS node registration reaches 445 in supernode campaign

According to IMEOS, EOS network mortgage rate reached 39.455%, 0.06% changes in comparison with yesterday. In a total of 29,718 accounts have participated in the campaign, 92 account differ from yesterday. The registered nodes reached up 445. However, EOS price has dropped 1.06% from yesterday.

2. A $100-million transaction of Tether (USDT) shows up on Bitfinex exchange

The data shows that address beginning with 1KYiKJ transferred $100 million USDT to the Tether Treasury address beginning with 1NTMak.

3. Analyst: the up limit of Bitcoin price theoretically is $100,000 for now

According to Seekingalpha, analyst Hans Hauge said that he found the theoretical up-limit price of Bitcoin by calculating the maximum productivity of the Bitcoin network. The higher the Bitcoin community activity, the higher the price of Bitcoin. Through the calculations, the current maximum transaction volume is 693,000, thus the theoretical up-limit price is $100,000, says Hans Hauge.

4. 7 million BNBs transaction on Binance

Citicoins spotted a transaction of 7 million BNB (Binance Coin) on Binance exchange, in a total value of about $73.82 million as the BNB price at $10.47.

5. Bitcoin Jesus: Bitmain to hold 1 million pieces of BCH is the signals of bull market

According to Cryptoglobe, although many analysts believe that Bitmain holding of 1 million pieces of Bitcoin Cash is a bearish signal, Bitcoin Jesus Roger Ver believes it is a “very bullish” signal because it has the endorsement from the largest company in encryption industry.

All data used for analysis collected from Citicoins.com