The crypto markets continue their slump today, June 26, with most of the coins on Coin360[1] seeing red.
Market visualization from Coin360[2]
Bitcoin[3] (BTC) is trading at around $6,205[4], down around 1 percent over a 24 hour period to press time.
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index[5]
Stablecoin Tether’s[6] release[7] of 250 million tokens yesterday, June 25 had prompted some on Twitter to predict a price increase in Bitcoin, as Tether had been reportedly connected[8] to Bitcoin price manipulation in 2017.
Ethereum[9] (ETH) is also slightly down, losing almost 5 percent over a 24 hour period and trading at around $446[10].
Ethereum price chart. Source: Cointelegraph Ethereum Price Index[11]
Of the top ten coins listed on CoinMarketCap, EOS[12], whose mainnet went live[13] at the beginning of June after the completion[14] of a year-long $4 billion Initial Coin Offering (ICO[15]) is down the most, almost seven percent over a 24 hour period, trading for around $8 by press time.
After the initial launch, the mainnet had reportedly “frozen[16]” for about four hours. EOS had also come under fire on crypto Twitter for a series of orders[17] from the EOS Core Arbitration Forum (ECAF) to block user accounts that some say puts the coin’s decentralized system in jeopardy.
EOS price chart. Source: Coinmarketcap[18]
Coinmarketcap cryptocurrency exchanges rankings[19] have been shaken up this week, as two crypto exchanges — CoinBene and Bit-Z — shot to[20] first and second place after their addition of a “transaction
