Evening Market Recap: July 5th, 2017

in #crypto-news8 years ago (edited)

Market Summary

Market Cap: $101,223,756,762
24h Vol: $3,141,144,729
BTC Dominance: 42.3%

We're seeing a bit more green than this morning, as we've gained $2B in Market Cap. Litecoin, Dash and Gnosis are seeing huge gains over the last week, but Veritaseum is still leading the pack at a whopping 111%. Almost everything else looks fairly stable within a few +/- percentages over the last 24 hours. Interestingly enough, Bitcoin is continuing to rise the closer to August 1st we get. Are people buying it up to dump it right before that key date? Or perhaps they're just optimistic about the future? If you're like me you're probably not worried about what happens in the short term, but it should be a fun ride the next few weeks as people continue to argue and more news is released.

News

The Bitcoin Network’s Hashrate Now Exceeds Six Exahash

https://news.bitcoin.com/bitcoin-hashrate-six-exahash-july-1/

Last May Bitcoin.com reported on how the Bitcoin network’s hashrate surpassed four exahash per second. Just two months later on July 1st, the hashrate has increased another two exahash which transcended to a high of 6,622,799,000 GH/s according to Blockchain.info and Bitcoin Wisdom statistics.

Unconfirmed Transactions Queue and Bitcoin Fees Drop Considerably

https://news.bitcoin.com/unconfirmed-transactions-bitcoin-fees-drop/

For about a week and a half, the Bitcoin network’s transaction congestion and rising fee market has subsided. People are now reporting on how they are sending transactions for smaller fees, and some of them are having difficulty with wallets that are recommending fees that are much higher than needed.

Turkey to Initiate Major Crackdown on Illegal Gambling

https://news.bitcoin.com/turkey-to-initiate-major-crackdown-on-illegal-gambling/

The Turkish government is preparing to initiate a two-year plan designed to crush illegal gambling within the nation. Among the regulations currently under consideration by the Turkish government are measures intended to prevent the use of bitcoin and other cryptocurrencies for illegal gambling activities.

Major Russian Forex Broker Alpari Launches Bitcoin Trading Pairs

https://news.bitcoin.com/major-russian-forex-broker-alpari-launches-bitcoin-trading-pairs/

Alpari Group, Russia’s largest native forex broker, has announced the launch of two bitcoin trading pairs, with the company now offering BTC/USD and BTC/EUR CFDs to traders. Alpari Group joins a growing list of international forex and CFD brokers that have introduced cryptocurrency trading markets in recent weeks.

ARK To Be Available On Ledger Hardware Wallet

https://blog.ark.io/ark-to-be-available-on-ledger-hardware-wallet-f57c4f6a792d

ARK is proud to announce our partnership with Ledger Hardware Wallet. ARK/Ledger integration has been in the works for a while now and we are very excited to finally release it.
ARK integration into the Ledger Hardware Wallet makes ARK the tenth cryptocurrency to be secured by this amazing piece of hardware. Ledger provides additional security measures and the ability for you to store your ARK safely, with peace of mind along with other major cryptocurrencies supported by Ledger.

PIVX point of sale Terminals (PIVit) are coming! Get ready to use your PIVX at merchants!

Videos

Metropolis: Bringing Ethereum To The Masses (Developers Jordi Baylina + Griff Green Explain!)

Dew News - STEEMIT HARDFORK - XEM NEM - DASH - PIVX - ARK - Cryptocurrency & Blockchain News

The Gordo Show: UnikoinGold - Goldman Sachs BTC Prediction - Coinbase Win

ICO BUBBLE! 😏 What's the #1 ICO Cryptocurrency Opportunity Today? 🔥

Research

The Best Place for Digital Currency Data on the Web

https://spreadstreet.io/

ccoin - Convert and fetch the price conversions of cryptocurrencies within your terminal

https://github.com/crypti/ccoin

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_pivx PIVX tweeted @ 05 Jul 2017 - 16:08 UTC

#PIVX point of sale Terminals (PIVit) are coming! Get ready to use your PIVX at merchants! #cryptocurrencytwitter.com/i/web/status/8…

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So cant wait for the updates Metropolis coming to Ether! Sounds like some game changing and progress I expect amazing results by the end of this year.

Completely agree! It's also great that they've broken it down into different chunks along the road map. So much to look forward to. Here's a great article outlining the roadmap a bit from a few months ago. It was awesome to see them take over @crypt0's channel and give some updates :D

Nice to see the Cap. back to 100B and totally agree with your comment: 'It doesn't matter what is happening to the price on 1st of Aug, but it is fun to watch'

We've been bouncing back and forth over that $100B mark - it'll be nice when we're over it and stable, but I think a lot of people are just uncertain about what's gonna happen these next few months. For me - I believe in a lot of these projects long term, so regardless if there's a crash or something like that...I'll be here riding the roller coaster.

We are 100% on the same boat because I will check my balance in 3-4 years no next month for sure... but I think people are just too into FOMO so as soon as they read there is even the smaller problem they panic and sell....

Yeah, exactly. People that own stock and hold them long term are generally not checking their holdings every day (hours/minute!). With things like Blockfolio we're much more likely to look when we've got it with us on our phone at all times =\

Ahahah don't tell me... I'm the worst, pure accumulation strategy but still checking Blockfolio at least 20 times per day.

I say that...but I'm the exact same as you.