Current Bitcoin Price: $6194 (as of 8:20 AM PST)
While yesterday we saw the market trying to recover from the weekend’s sell-off, cryptocurrencies have continued to fall over the last 24 hours. Bitcoin is down by under 2%, although the damage is worse for most other coins — which are down by roughly 5%.
Monero (XMR, #12) is the only top-20 coin in the green, although it’s up by less than a percent. Interestingly, Tether (USDT, #9) reads down by 0.14%, as it normally moves a few points in the opposite direction to the rest of the market.
Top Bitcoin & Crypto News Stories for 26th June 2018
Andreessen Horowitz is a well-known venture capital firm, based out of California. It takes particular interest in the tech industry, where it’s made investments into big names like AirBnB and Facebook.
The investment firm also seems to be very interested in the world of crypto, and they’re beginning to dip their toes in the water — they’ve raised $300 million for their first-ever cryptocurrency fund.
EOS comes in fifth on the market-cap rankings. While the project is clearly valued highly by some, others are extremely concerned at how centralized the project is.
The EOS network is built on a consensus mechanism, whereby the network is effectively “governed” by a number of so-called block producers. The latest outrage has come out over a block producer’s failure to freeze several controversial accounts.
Circle is a cryptocurrency payment application that accounts for about $2 billion of crypto movement every month.
Last month, Circle founder Jeremy Allaire announced that the company had seen a 30% increase in institutional investors last month.