Crypto Markets Hold Weekly Gains Pairing Little Action
Similarly, Ethereum (ETH) is standing its ground, at about $467up a little under 1 per cent in 24 hours to press time and about 5.5 percent over the previous seven days.
Total market capitalization of all cryptocurrencies out of Coinmarketcap
The indecisiveness of these economies was mirrored by a mixture of positive and negative news. French government official Jean-Pierre Landau has called for a hands-off approach to crypto, whereas Germany’s Ministry of Finance has adopted a cautious approach, saying that state-issued digital monies are correlated with “not well known ” dangers.
Saturday, July 7: there is little action on the crypto markets today, with the majority of coins either down or up by small percentages within the previous 24 hours, according to Coinmarketcap. The total market capitalization is up by a little under $1 billion since the same time yesterday.
Bitcoin cost graph. Resource: Cointelegraph Bitcoin Price Index
Ethereum cost graph.
Complete market cap of all cryptocurrencies is currently at around $266 billion as of press time, remaining relatively steady over the previous 24 hours.
Economy visualization from Coin360
On a positive side, there have been news of two important professionals joining the blockchain sector: that the Winklevoss twins’ Gemini crypto market has hired NYSE Chief Information Officer Robert Cornish, also Facebook had seen it’therefore Director of Engineering Evan Cheng move to the same position in the company’s blockchain team.
As soon as it is experiencing hardly any movement either down or up, it has managed to keep this week’therefore profits, because it is up approximately 4 per cent since last Saturday.