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Crypto Market Update (21 March 2019)

March 21, 2019

 

General Market Outlook

 

The market has made a slight dip overall, but is showing increasing activity. Coins are split between positive and negative gains, while trading volume continues to rise, now trending between $35 billion and $36 billion in 24 hours. Maximime Coin (MCM) and Revain (R) are the major stand outs of the top 100 coins by market cap - up over 15% and 14% respectively in the past 24 hours. The value of Bitcoin (BTC) is  right at $4,000 for -1.0% and a total market dominance rising somewhat to 51.1%, and the value of Ethereum (ETH) is trending slightly lower, around $135 for -2.0% change in the past 24 hours. Market cap for the overall cryptocurrency market declined by roughly $2 billion, falling to $138 billion total.

 

 

Major Headlines

 

Binance Exploring Australian Cryptocurrency

 

A new platform from Binance will allow customers to purchase Bitcoin in person, directly from certain store fronts. The platform will debut in Australia only initially. Binance Lite Australia, is basically cash-to-bitcoin brokerage service that is accessible through a network of 1,300 or more newsagents across the country. The only fiat accepted at this time is Australian dollars (AUD), but Binance said the plan for my diversity in the future. The platform requires customers to engage an account verification processes before making a purchase. Binance Lite Australia charges a 5% transaction fee for use of the service.

 

Bitmain’s New Miner

 

Potentially a major breakthrough in mining capability has been released from popular Bitcoin mining hardware producer Bitmain. However, this new miner is tailored for the privacy-oriented cryptocurrency Zcash. The Antminer Z11 can handle any cryptocurrencies that are based on the Equihash algorithm. It offers a hashing power of 135K sol/s (solutions per second), which is “three times more powerful” than the company’s Equihash miner, the Antminer Z9. That product was released not even a year ago, highlighting how quickly technology advancements are

 

CoinMarketCap Data Going Mainstream

 

CoinMarketCap data is now available on two widely known stock benchmark indices. The financial data feeds from Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv) and Germany’s Börse Stuttgart will now have their data directly integrated. It offers live tracking for the cryptocurrency markets covering the top 200 cryptocurrencies by market capitalization. But it also divides the data into two key indicators -  one including bitcoin (BTC) and one without Bitcoin’s influence. The first is named CMC Crypto 200 Index (CMC200). The second, CMC Crypto 200 ex BTC Index (CMC200EX), tracks the market’s performance without the influence of bitcoin. “These indices will promote greater accessibility to cryptocurrency data in an easier-to-digest format,” said CoinMarketCap CEO Brandon Chez.

 

 

Top 5 Gainers

 

TEMCO (TEMCO) +60.08% at $0.001657

BitKan (KAN) +58.71% at $0.003475

SuperEdge (ECT) +42.07% at $0.000050

Bitcoin Green (BITG) +36.63% at $0.468324

Max Property Group (MPG) +36.39% at $0.0112411

 

 

Top 5 Losers

 

Webcoin (WEB) -53.65% at $0.003815

CasinoCoin (CSC) -49.64% at $0.000124

Blacer Coin (BLCR) -41.37% at $2.70

United Bitcoin (UBTC) -36.74% at $2.53

Profile Utility Token (PUT) -31.95% at $0.009004

 

New Coins Listed

 

Binance Coin (BNB) listed to LiveCoin

Polymath (POLY) listed to LiveCoin

InsightChain (INB) listed to LiveCoin

Kin (KIN) listed to Bitforex

GXChain (GXC) listed to Bithumb

 

 

 

By: BGN Editorial Staff

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