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Crypto Market Update (09 April 2019)

April 9, 2019


General Market Outlook


The market continues to consolidate without major movement, and a steadily slowing trade volume. Coins are split between positive and negative gains, with some coins still showing strong double digit positive growth. Trading volume, though still considerably higher than January through March of 2019, is slowing compared with the past week - trending between $53 billion and $54 billion in 24 hours. ABBC Coin (ABBC) and True Chain (TRUE) are the major stand outs of the top 100 coins by market cap - up over 77% and 40% respectively in the past 24 hours. The value of Bitcoin (BTC) is still trending at $5,200 for no significant change and a total market dominance of 51.1%, and the value of Ethereum (ETH) is just over $175 for -1.0% change in the past 24 hours. Market cap for the overall cryptocurrency reduced by $2 billion, falling to $180 billion total.



Major Headlines


A16z Funds Celo


Andreessen Horowitz’s cryptocurrency fund A16z Crypto has continually invested in the most premier blockchain technology related start ups over the past three years. Most recently, Polychain Capital has invested $25 million in cryptocurrency payments startup Celo. The funding is focused on the project’s “Celo Gold tokens.” The new token is described as a “deflationary” cryptocurrency that will cut down on price volatility. This is designed in complement to the Celo Dollar, a stablecoin pegged to the U.S. dollar. “We strongly believe that anyone, regardless of their location or socio-economic status, should have access to basic financial tools for storing and transmitting currency.” - Celo Press Release


Liquid.com Claims $1 Billion Valuation


Bitmain and IDG Capital have supported the growth of a new cryptocurrency exchange - Liquid.com. The platform is owned by Japanese cryptocurrency exchange Quoine, and has now closed a Series C funding round that they report qualify them with “unicorn” status. With the valuation of over $1 billion, they hope to continue global expansion and product development, as well as to support a move into the security token market. “Our vision is to make financial services accessible to all, which means bringing more people into the digital asset space so that anyone can be a part of it” - Liquid.com CEO Mike Kayamori.


5 Star Hotel Accepting Bitcoin


The Dolder Grand, a five-star hotel based in Switzerland is now going to accept Bitcoin payments starting in May of this year. The development is made possible through their technology focused partner, Inacta AG. Bitcoin will allow for payments to stay, as well as for amenities within the facility such as food and beverages or spa treatments using bitcoin. Inacta AG’s mobile app Inapay will convert bitcoin payments into Swiss franc or euro to be given back to the hotel itself. “Many of the improvements in our service in recent years were made possible by advances in technology. As we believe Bitcoin is here to stay, it only seems natural to offer more choices in the payment process.” - The Dolder Grand’s director of finance André Meier



Top 5 Gainers


StarChain (STC) +193.77% at $0.012518

Signatum (SIGT) +79.3% at $0.000833

ABBA Coin (ABBC) +71.68% at $0.317774

Qube (QUBE) +63.86% at $0.001207

ACE (TokenStars) (ACE) +59.72% at $0.029986



Top 5 Losers


ELA Coin (ELA) -39.63% at $0.016069

Usechain Token (USE) -33.53% at $0.001133

HEMP Coin (THC) -29.26% at $0.019152

Baer Chain (BRC) -29.07% at $4.67

BlockMesh (BMH) -27.64% at $0.002696



New Coins Listed


Lightning Bitcoin (LBTC) listed to BW.com

Paxos Standard Token (PAX) listed to LiveCoin

USD Coin (USDC) listed to LiveCoin

SwftCoin (SWFT) listed to DragonEX

BitTorrent (BTT) listed to BitAsset




By: BGN Editorial Staff

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