New Delhi: Last week the cryptocurrencies have seen an upward growth despite the hacking of exchanges has been the talk of the crypto market. Bitcoin marked the growth of 1.5 per cent whereas Ethereum went up by 3.4 per cent.
According to CoinMarketCap, the crypto markets continue building momentum, with nine out of the top ten cryptocurrencies by market cap firmly in the green. This news was reported by cointelegraph.
Bitcoin (BTC) has gone above the $6,300 mark, up about 1.5 per cent 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 i.e. July 13th, 2018.
Ethereum (ETH) is up 3.4 per cent 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 per cent over the past 30 days.
After plunging to $242 billion on July 13, the total market capitalization of all cryptocurrencies is back to its average monthly levels, currently just below $256 billion.
Stellar Emerges as Biggest Gainer
Stellar (XLM) is currently the biggest winner among the top ten coins by market cap, up 6.1 per cent and trading at around $0.218 at press time. XLM is also the only coin among the top ten that has seen gains over the week, amounting to about 3.3 per cent.
In terms of losses over the past week, EOS has suffered the most among the top ten. Despite the fact that the coin has gained almost 6 per cent in 24 hours to press time, it is still down 15.7 per cent over the past 7 days, trading $7.40 at press time.
On July 12, Chile’s Court of Appeals ruled in favour of crypto exchange Orionx, ordering the state-owned bank Banco Estado to reopen the company’s previously closed deposit account. It also stated that the bank’s original decision to close the account was “arbitrary and illegal.”