Thursday, June 6 - Bitcoin and ether are trending down slightly following the slump from the recent rally.
After its surge to $9,000 last week, BTC is down by 1.67% on the day, and is trading at just $7,676 according to CoinMarketCap.
The leading cryptocurrency has fallen in market capitalization by about $10 billion since May 30, with a market cap of approximately $136 billion at press time.
Top altcoin ETH is currently down by 1.8% and is trading at $241.77 at press time.
With the recent market adjustments, ETH currently has a market cap approximately 19% the size of Bitcoin's.
Ripple's token XRP is trending up by 2.32% on the day, and is trading at $0.408.
The total market capitalization of all cryptocurrencies is currently at $243 billion.
Total market capitalization of all cryptocurrencies 24-hour price chart.
Oil, on the other hand, is down by.21% on the day, trading around $51.57 at press time.
As previously reported on Cointelegraph, investment advisory group San Francisco Open Exchange released a volatility report on June 6, saying that the crypto market has transitioned from "Mildly bullish" to "Uncertain." SFOX cautioned that the bullish growth in May could have been unsustainable growth due to investor FOMO. In the report, SFOX conjectured that bitcoin's major rally on May 13 might have been the result of the on-going trade war between the United States and China.
Major Coins See Red Following Reports That FOMO Fueled May's Rally
gepubliceerd op Jun 6, 2019
by Cointele | gepubliceerd op Coinage
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