Crypto Market Update (06 July 2018)

Bitcoin Global News (BGN)

July 6, 2018 -- ADVFN Crypto NewsWire

General Market Outlook

The market continues to consolidate. Nearly all coins are slightly down from their highs earlier this week but trading volume continues to steadily climb. HShare (HSR) is the only major stand outs of the top 100 coins - up over 10% in the past 24 hours. Bitcoin is right around $6,600 for about -1% change and Ethereum is right at $470 for -1% change in the past 24 hours. Market cap for the overall cryptocurrency market is down a little over $4 billion doin to $267 billion total.

Major Headlines

Ethos Price Reflects New Wallet Launch

Ethos has come down to +50% from +400% on last week’s price perfectly displaying the volatility everyone talks about regarding cryptocurrencies. This isn’t just some random thing though. Ethos (ETHOS), the initial steady rise came leading up to the launch of their mobile wallet app. Ethos specializes in streamlining cryptocurrency assets for the consumer with a universal wallet, as well as developing payment gateways. The app combines features of many of the mobile wallet and portfolio trackers available, but most importantly, takes on all coins creating just one private key for users. It is currently available in Netherlands, Germany and the U.S. with plans for expansion soon.

EU Firm Flow Traders Moves to Crypto

The largest ETF trading firm in Europe has expanded into cryptocurrencies in light of customer interest, and despite regulator precautions. Flow Traders is an Amsterdam-based speed trader, meaning their style of trading is most effective in volatile markets, which makes cryptocurrencies perfect. They will become a market maker using the first exchange-traded notes based on Bitcoin and Ether. The Dutch Authority for the Financial Markets flat out discourages cryptocurrency use. But the Co-CEO of Flow Traders believes in the crypto-market: “Institutional investors are interested, we know they are because we get requests.”

EOS Venture Capital New Wall St. CEO

EOS’s venture capital business just got serious by adding Michael Alexander, former CEO of a major NYC investment firm. Alexander brings the experience of Jefferies Group LLC, a firm operating with almost $45 billion in assets, but nearly as important, their new leader brings connections to long standing, respected organizations on the New York Stock Exchange. He believes that EOS is building the next generation of the internet. Their venture capital business has allocated $1 billion that he will be in charge of delegating to organizations building dapps to fill out the EOS ecosystem.

Top 5 Gainers

Dent (DENT) +126.04% at $0.007827

LoyalCoin (LYL) +43.26% at $0.004791

SRCOIN (SRCOIN) +41.52% at $0.001315

Mark.Space (MRK) +41.22% at $0.052502

Dragon Coins (DRG) +36.87% at $0.455976

Top 5 Losers

BT2 (BT2) -31.87% at $21.88

Aditus (ADI) -31.55% at $0.010849

Mainframe (MFT) -28.67% at $0.015099

Octoin Coin (OCC) -27.81% at $0.364070

Banca (BANCA) -27.61% at $0.001090