📈 30 Second Price Summary
Current Bitcoin Price: $7772
Since our newsletter last Thursday, the cryptocurrency market has shot up around 30%. On the 24 hour charts, Bitcoin is up almost 12% following a small rally and subsequent retracement over the weekend. Almost all other cryptocurrencies are up too: Ethereum by 7%, XRP by 5%, Bitcoin Cash by 9%, Litecoin by 6%, and EOS by 6%.
Top Stories for 13th May 2019 🔥
Binance, the world’s largest cryptocurrency exchange by volume, recently fell prey to a hack, where over $40 million worth of Bitcoin were stolen. As a result, withdrawals from the exchange were frozen.
The exchange is set to reopen withdrawals tomorrow (Tuesday), which will allow users to continue trading as usual. Some speculate that this may be the catalyst for a pump in many altcoins.
Gemini is a particularly popular cryptocurrency exchange in the United States, with numerous fiat pairs and even its own audited stablecoin: GUSD.
Unfortunately, the exchange has decided to raise its trading fees. Now, fees for trades over $200 will amount to just under 2%, 0.5% of which is a convenience fee!
Bitfinex is going through a lot of trouble right now, what with losing hundreds of millions of dollars and trying to cover it up by printing Tether.
Interestingly, Bitfinex CTO Paolo Ardoino has claimed that Bitfinex has recently raised almost a billion dollars in the token sale of its LEO asset.