Here is your dose of the daily Cryptocurrency Market Report
Crypto-Correction Rally Up, for a while
Key cryptos have rallied after a sudden and sharp decline almost across the board. Fears on scaling, the ethereum network issues and the strength of the bull run of late have seen traders switch crypto for fiat. Bitcoin went as low as $2350 with ETH at $218 at its rock bottom. Bitcoin has seen volumes of 163k bitcoin on the USD pair - the USD & JPY pairs both dominate with 38% and 31% respectively.
ETH has seen 145k BTC on its BTC/ETH pair and the brunt of volume trading.
Vitalik proves he is alive in a crypto fashion
Vitalik has used the Ethereum blockchain to prove he is alive. This was after rumours surfaced saying that he had died in a car crash.
Vitalik took a picture of himself and the latest ethereum block hash to prove that he was alive at a time after the rumours were initiated.
Coinbase Flash Crash Users to be Reimbursed
GDAX, the Coinbase digital currency exchange faced a flash crash where prices fell from $320 to $0.10. Traders stop losses were triggered as a result which exploded selling. A large multi million dollar market sell order was the culprit which dropped prices 30% to 224 and triggered 800 stop losses which then pulled the price down to its lowest point of ten cents.
State of the Crypto
Bitcoin is down 4% at $2,420.12 with a volume of Ƀ 166,989 - $400m on the USD pairs.
Litecoin is down 8.45% against the dollar for the day at $36.6 and down 4% to Ƀ 0.01514 on volumes of Ƀ 19k.
Ether is down 6.11% against Bitcoin at Ƀ 0.09877 per Ether and down 10.3% against the dollar to $235.30 with average volume Ƀ 146k on the ETH/BTC pair.
Dash is up 2.2% at Ƀ 0.06661 with Ƀ 5.8k volume and down 1.2% against the dollar at $159.81.
Ripple is down 2.3% to Ƀ 0.00009971 with volumes of Ƀ 20.6k and down 6.3% against the dollar at $0.2356.
Zcash is up 7.8% for the day to Ƀ 0.1265 per ZEC and up 3.4% against the dollar to $298 with an average volume of Ƀ 5.7k for the 24 hour period.
Monero is down 10.66% against the dollar at $39.65 and down 6.4% against Bitcoin at Ƀ 0.01698 on volumes of Ƀ 3.5k.
Ether Classic is up 3% to Ƀ 0.007126 with volumes of Ƀ 11.6k and down 6.2% against the dollar at $16.8.
Stratis is down 19% to Ƀ 0.002554 on Ƀ 4.3k volume.
Waves is down 1% to Ƀ 0.001653 on Ƀ 1.4k volume.