Bitcoin now above $6,500, the Market is Holding Gains


A data from Coin360 shows that the crypto markets are relatively stable with bitcoin holding a price point of $6,500 as of July 4. At press time most of the tops coins by market cap are seeing minor gains and losses.

At a 24 hour period, bitcoin is trading around $6,752 at press time and is up by around 3 percent. Since the rise in June 30, bitcoin continues to hold at above $6,300 resistance level, this is what Rober Sluymer said this week is a crucial reverse from last month’s downtrend.

Ethereum is also up by 2 percent and is trading at around $477 at press time. The coin’s weekly ups saw it trading at $483 and its gains this week are now at around 8 percent at press time.

The top ten coins by the market cap are seeing mostly green with CARDANO being the outlier down by around 1 percent over the 24 hour period and is trading at $0.158 at press time.

At press time, the total market capitalization of all cryptocurrencies is around $277 billion. The market is stable and significantly up and higher that an a weekly low of $232.6 billion in June 29.

As the markets consolidate their late June rebound, the risk of security incidents will need demonstrably robust responses to maintain public confidence.

Binance – which has processed over $1.5 billion in trades over the last 24 hours – has now resumed services after irregular patterns for Syscoin (SYS) trades prompted an emergency temporary suspension yesterday, July 3.

While exact details are yet to be confirmed, the incident appears to have seen Syscoin trading for a staggering 96 BTC (around $640,000) on the exchange. Binance has now rolled back all the irregular trades, and also announced a series of measures to protect its users.

Bullish news for blockchain technology meanwhile has seen a UK government minister today call on the state to “show leadership” by “using blockchain to enable social freedom, to increase efficiency, and to rebuild societal trust.”


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