The crypto market has stabilised after weekend falls, with bitcoin at $9,400. Bitcoin traded as low as $9,200 on Sunday.
All eyes are now on the US Congressional hearing Tuesday at which financial regulator spokespersons from the SEC and CFTC may reveal a little more of their thinking regarding whether cryptos are securities.
The standout story today in terms of alts is the continuing surge of privacy coin Bytecoin (BCN).
The coin has has just been listed on Binance and has lept 150% as a result, according to coinmarketcap.
Bytecoin has a supply of 184 billion of which 183 billion is circulating, but that figure reduces over tine, making it a deflationary protocol. Also, the mining on the network is ASIC-resistant. The coin is currently priced at $0.017118. But you may need to be extremely brave to look for an entry point at these elevated levels.
BCN is 226% higher in the past seven days and now boasts a market cap of $3.14 billion making it the 15th-ranked coin, just below NEM.
Two weeks ago Japanese regulators urged exchanges to remove the more well-known privacy coins Monero and Zcash from their markets.
Meanwhile, sharding-based Zilliqa (ZIL) continues to advance, 16% improved over the past 24 hours at $0.146.
Posted from my blog with SteemPress : https://coinintelnews.com/bitcoin-pauses-bytecoin-feels-the-power-of-binance-with-150-leap/