Market Update 2.14.18 – South Korea Consider Opening Crypto Exchanges

| Publish date: 02/14/2018 (Last updated: May 24, 2018 03:32 PM)
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Market News

South Korea Considering Approval Scheme to Open Crypto Exchanges

South Korean daily, BusinessKorea that the South Korean government is positively considering the introduction of an approval system for cryptocurrency exchanges. This move signals the government’s stance easing from wanting to completely ban cryptocurrency exchanges. To read more, click here.

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US Luge Team to Champion Bitcoin in the Winter Olympics

The US Luge Foundation has been campaigning on Medium for donations in Bitcoin, making it the first US Olympic team do so. The team has promised to use Bitcoin decals and logos on its equipment and uniform in the future. To read the full story, click here.

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Bitcoin needs to break the $9,000 barrier

According to analysts, Bitcoin needs to break the $9,000 barrier, or else the bulls could lose control of the market. The world’s number one cryptocurrency has been hovering closer to the $9,000 mark, but still hasn’t been able to cross over successfully. To read the whole story, click here.

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Total Market Cap

The total cryptocurrency trading volume for the last 48 hours is $37.11 billion with a current market cap of $433.46 billion. The dominant cryptocurrency remains the Bitcoin with a 34.7% share.

Bitcoin Price Analysis

At the time of writing, the Bitcoin price is at $8,920.76, representing a gain of 9.57% in the last 48 hours. Total trading volume for the cryptocurrency is $11.95 billion in the last two days. Bitcoin’s market cap at this time is $150.50 billion.

Ethereum Price Analysis

Ethereum’s current price is at $872.86, which represents a gain of 6.75% in that time period. Trading volume for the altcoin has been at about $4.73 billion in the last two days and its market cap is at $85.19 billion.

State of the Top 20 Cryptocurrencies

**All data given below is for the last 48 hours.

  • Bitcoin is trading at $8,920.76, up 9.57%. BTC’s market cap is currently $150.50 billion.
  • Ethereum is trading at $872.86, up 6.75%. ETH’s market cap is currently $85.19 billion.
  • Ripple is trading at $1.06, up 3.92%. XRP’s market cap is currently $41.22 billion.
  • Bitcoin Cash is trading at $1,273.19, up 1.46%. BCH’s market cap is currently $21.60 billion.
  • Litecoin is trading at $182.03, up 18.73% to replace Cardano in the number 5 spot. LTC’s market cap is currently $10.04 billion.
  • Cardano is trading at $0.378, up 0.27%. ADA’s market cap is currently $9.81 billion.
  • Stellar is trading at $0.426977, up 12.42%. XLM’s market cap is currently $7.87 billion.
  • NEO is trading at $114.74, up 6.78%. NEO’s market cap is currently $7.45 billion.
  • EOS is trading at $9.42, up 7.90%. EOS’s market cap is currently $6.29 billion.
  • IOTA is trading at $1.88, up 6.82%. MIOTA’s market cap is currently $5.23 billion.
  • NEM is trading at $0.555274, up 3.41%. XEM’s market cap is currently $4.978 billion.
  • Dash is trading at $633.41, up 5.71%. DASH’s market cap is currently $4.974 billion.
  • Monero is trading at $246.75, up 5.02%. XMR’s market cap is currently $3.87 billion.
  • Ethereum Classic jumped up two places and is trading at $36.13, up 40.64%. ETC’s market cap is currently $3.60 billion.
  • Lisk is trading at $27.25, up 5.25%. LSK’s market cap is currently $3.21 billion.
  • TRON is trading at $0.044277, up 1.24%. TRX’s market cap is currently $2.91 billion.
  • Qtum jumped up two places and is trading at $32.19, up 11.73%. QTUM’s market cap is currently $2.37 billion.
  • Tether is still trading flat at $1.00. USDT’s market cap is currently $2.22 billion.
  • Bitcoin Gold is trading at $127.79, down 0.37%. BTG’s market cap is currently $2.14 billion.
  • VeChain is trading at $4.31, up 3.61%. VEN’s market cap is currently $2.02 billion.
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