Saturday, July 7: there is little action on the crypto markets today, with most coins either up or down by small percentages over the last 24 hours, according to Coinmarketcap[1]. The total market capitalization is up by a little under $1 billion since the same time yesterday.
Market visualization from Coin360[2]
Bitcoin (BTC) is hovering around $6,635[3] as of press time. While it is experiencing almost no movement either up or down, it has still managed to keep this week’s gains, as it is up around 4 percent since last Saturday.
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index[4]
Similarly, Ethereum (ETH) is standing its ground, at around $467[5], up a little under 1 percent in 24 hours to press time and about 5.5 percent over the past seven days.
Ethereum price chart. Source: Cointelegraph Ethereum Price Index[6]
Total market cap of all cryptocurrencies is at around $266[7] billion as of press time, remaining relatively stable over the past 24 hours.
Total market capitalization of all cryptocurrencies from Coinmarketcap[8]
The indecisiveness of the markets has been mirrored by a mix of positive and negative news. French government official Jean-Pierre Landau has called[9] for a hands-off approach to crypto, whereas Germany’s Ministry of Finance has adopted a more cautious approach, saying[10] that state-issued digital currencies are associated with “not well understood” risks.
On a more positive side, there have been news of two key professionals joining the blockchain industry: the Winklevoss twins’ Gemini crypto exchange has hired[11] NYSE Chief Information Officer Robert Cornish, and Facebook had seen it’s Director of Engineering Evan Cheng move[12] to the same position at
