Current Bitcoin Price: $7426 (as of 8:30 AM PST)
Several hours after yesterday’s newsletter, the market saw a huge 10% spike across the board — with charts mostly flat since then. Bitcoin and Ethereum are pretty much exactly where they were yesterday 16 hours ago, in fact.
The big movers today have been Stellar — this week’s featured coin — and Cardano. They’re up 30 (yes, thirty!) and 20 percent respectively. On the other hand, VeChain is continuing to underperform in this week’s bull market — up only 3% even with yesterday’s market spike included.
Featured Coin: Stellar
This week’s featured coin is Stellar — which goes by the ticker of XLM (#6). Today it’s up a whopping 30%. It’s a plain-and-simple currency coin that’s trying to make crypto payments fast and effective. You can read more at http://www.bitcoinprice.com/xlm/.
Top Bitcoin & Crypto News Stories for 18th July 2018
New Goldman Sachs CEO keen on BTC
There’s news that Goldman Sachs’ current CEO, Lloyd Blankfein, will be stepping down. He’ll be replaced by David Solomon — an investor by day and DJ by night.
Solomon has shown considerable interest in cryptocurrency, as reported by CCN earlier this year. He says that the company needs to “evolve its business and adapt to the environment,” if it wants to stay relevant.
Coinbase VP: institutional money flowing in
The world’s hottest fiat-crypto exchange has been pushing to bring institutional money to the cryptosphere for months, and vice president Adam White says the idea’s starting to gain traction.
White says that interest among institutional investors is increasing. He noted that regulatory concerns have been a major obstacle previously — perhaps recent news on that note is luring investors in.
Stellar overtakes Litecoin marketcap
Both Stellar and Litecoin have been around for years. In that time, Litecoin has always held a larger chunk of the pie (in terms of market share, or market cap, that is), but things change fast in this space.
Stellar has just overtaken what’s often referred to as the “silver to Bitcoin’s gold” — Litecoin — with users on Reddit saying that “Litecoin is pointless [in today’s climate]”.