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Inside Bitcoin

Inside Bitcoin (Jun 25th, 2019)

Market Watch: Bitcoin reached its yearly high at $11,381 and crossed through a $200 billion market cap. VeChain popped 20 percent on news that it had partnered with Walmart in China. The market is fairly mixed as five of the top 10 cryptocurrencies by market cap have seen positive movement over the past 24 hours. 

  • Bitcoin: $11,312,63 (⬆️ 13.92%) // $201.13 billion market cap.
  • Ethereum: $310.86 (⬆️ 0.55%) // $33.14 billion market cap.
  • XRP: $0.46 (⬆️0.11%) // $19.70 billion market cap.
  • Litecoin: $132.90 (⬇️ 1.85%) // $8.29 billion market cap.
  • Top 100 Winner: Energi: $8.41 (⬆️ 45.94%) // $147 million market cap.
  • Top 100 Loser: Nebulas: $1.69 (⬇️ 11.04%) // $82 million market cap.

Prices are as of 10:17am EDT.

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1. With its most recent spike, bitcoin reached $11,381 per coin - its highest price in 15 months. Bitcoin was up more than 4 percent on the day. Josh Rager, a crypto investor and trader, highlighted a key fact of this recent rally: While bitcoin continues to grow, the altcoin market has remained relatively flat. Bitcoin now makes up more than 60 percent of the value of the crypto market, its highest dominance level since late 2017. - CRYPTO CURRENCY NEWS

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2. The U.S. House Financial Services Committee will host a hearing on July 17 focused on Facebook's Libra. The hearing will take place one day after the Senate Banking Committee holds its hearing on the coin. Rep. Maxine Waters (D-Calif.) who has been outspoken against Facebook Libra chairs the house committee. In an interview with CNBC last Thursday, Waters said, "We’ve got to protect our consumers. We just can’t allow them to go to Switzerland with all of its associates and begin to compete with the dollar." - COIN DESK

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3. From The Forums: As the crypto markets begin to rebound from a bear market over the past year, @Crypto_bitlord made sure to remind everyone on Twitter about responsible crypto trading. He tweeted, "Whatever you do, don’t panic buy or sell #Crypto. The moment you do, you can almost guarantee it will pump/ dump"

@Ryanis999 seemed to know exactly what he meant when he replied, "I sold 33% of my link stack and it went up 100% the next day. Boom."

@khm_branding tweeted a parallel response that many of us experience all too often, "Yes, exactly the same that happens in the supermarket when you change line at the register, the line you get into will suddenly be a lot slower."

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4. After a failed bid to join the board of the U.S. Federal Reserve, Stephen Moore joined Decentral, a decentralized cryptocurrency central bank. Decentral will have Fed-like responsibilities within the crypto space, such as regulating monetary supply and exchanging its own token for other cryptocurrencies. Decentral's token will be a stablecoin but it hasn't revealed whether it will be pegged to fiat or be algorithmically stabilized.  Moore will be the chief economic officer and said, "I’m really excited about doing this, I hope it makes me rich." - COIN TELEGRAPH

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5. There are more than 5,000 Bitcoin ATMs around the world with six being installed per day. - COIN TELEGRAPH

6. Walmart partnered with VeChain to track goods in Walmart China's supply chain. - COIN SPEAKER

7. Coin Metric's analytics show that Kik's claim that Kin is more widely used than Bitcoin and Ethereum, inaccurate. - YAHOO

8. PoolTogether launched on Ethereum as a lotto where users don't lose money. - ETH NEWS

9. 98 percent of BSV transactions in the past 30 days have been for a BSV powered weather app, WeatherSV. - COIN TELEGRAPH

10. The Prime Minister of Malta said all rent contracts must be registered on the country's internal blockchain. - MALTA TODAY

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Written and curated by Darren Webb. He created Currencylists and has worked in marketing roles for a multitude of cryptocurrency and blockchain projects since 2014. Based in NYC, Darren loves to read and continue to learn about cryptocurrency and emerging technology in his spare time. You can find him on Twitter @Dwebbny.

Editing team: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside), David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology), and Bobby Cherry (senior editor at Inside, who’s always on social media).

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