Market Update 2.24.18 – Bank of America: Cryptos are a Material Risk
Market News
Bank of America says Cryptos are a Material Risk
Bank of America, the second largest bank in the US, has said that cryptos pose a material risk to its business. The bank said that this technology could impact its ability to adhere to money laundering laws. Cryptos could also pose as a competitive threat which could force the company to spend more money to stay abreast with customer preferences. To read more, click here.
Austria Planning to Regulate Cryptos
Austria will now join the ranks of countries that are developing regulations for cryptocurrencies. The country will, however, use existing regulations for derivatives and gold as a blueprint for the new crypto regulations. To find out more, click here.
Ubisoft Exploring Uses for Blockchain
Ubisoft, France’s video game giant, is exploring options on how blockchain technology in the company’s Strategic Innovation Lab, which is the division of the company that looks at new technologies and their utility. The company is interested in blockchain tech’s ability to offer ownership over digital products. To read the full story, click here.
Total Market Cap
The total cryptocurrency trading volume for the last 24 hours is $19.46 billion with a current market cap of $432.55 billion. The dominant cryptocurrency remains the Bitcoin with a 38.6% share.
Bitcoin Price Analysis
At the time of writing, the Bitcoin price is at $9,811.16, representing a loss of 1.93% in the last 24 hours. Total trading volume for the cryptocurrency is $7.24 billion. Bitcoin’s market cap at this time is $165.64 billion.
Ethereum Price Analysis
Ethereum’s current price is at $839.73, which represents a gain of 3.30% in the last 24 hours. Trading volume for the altcoin has been at about $2.09 billion in that time period and its market cap is at $82.13 billion.
State of the Top 20 Cryptocurrencies
**All data given below is for the last 24 hours.
- Bitcoin is trading at $9,811.16, down 1.93%. BTC’s market cap is currently $165.64 billion.
- Ethereum is trading at $839.73, up 3.30%. ETH’s market cap is currently $82.13 billion.
- Ripple is trading at flat $0.94. XRP’s market cap is currently $36.86 billion.
- Bitcoin Cash is trading at $1,187.83, down 2.59%. BCH’s market cap is currently $20.17 billion.
- Litecoin is trading at $200.68, up 2.74%. LTC’s market cap is currently $11.10 billion.
- Cardano is trading at $0.322, down 4.45%. ADA’s market cap is currently $8.35 billion.
- NEO is trading at $116.30, up 1.94%. NEO’s market cap is currently $7.55 billion.
- Stellar is trading at $0.356607, down 2.68%. XLM’s market cap is currently $6.58 billion.
- EOS is trading at $8.07, down 0.24%. EOS’s market cap is currently $5.56 billion.
- Dash is trading at $590.93, down 6.64%. DASH’s market cap is currently $4.67 billion.
- IOTA has gone up one place and is trading at $1.66, up 2.46%. MIOTA’s market cap is currently $4.60 billion.
- Monero is trading at $272.92, down 3.47%. XMR’s market cap is currently $4.30 billion.
- Ethereum Classic has gone up one place and is trading at $37.99, up 15.78%. ETC’s market cap is currently $3.80 billion.
- NEM is trading at $0.413520, down 4.33%. XEM’s market cap is currently $3.72 billion.
- TRON is trading at $0.040685, up 0.02%. TRX’s market cap is currently $2.674 billion.
- VeChain is trading at $5.52, up 0.91%. VEN’s market cap is currently $2.63 billion.
- Tether is trading flat at $1. USDT’s market cap is currently $2.22 billion.
- Nano entered the top 20 from 21st place and is trading at $15.60, up 43.77%. NANO’s market cap is currently $2.11 billion.
- Lisk is trading at $20.55, down 4.37%. LSK’s market cap is currently $2.09 billion.
- Bitcoin Gold is trading at $116.56, down 2.64%. BTG’s market cap is currently $1.96 billion.