Cryptocurrency 24 Hours Recap

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CryptoCurrency recap
2020-05-07


CryptoCurrency market cap rankings, posts, and more.
The following statistics are rendered from the 25 largest cryptocoins.


Market Share



The chart shows the market share of the 25 largest coins. Coins with a market share less than 5% have been grouped into "Other"


Winners and losers


Top 5 winners

Name                                Price (USD)% change(24h)
Bitcoin9407.93335491alt 4.81613
[UNUS SED LEO](https://coinmarketcap.com/currencies/UNUS-SED LEO)1.06954602141alt 4.69715
Crypto.com Coin0.065463153401alt 4.57304
HedgeTrade2.29738371738alt 3.24038
Neo9.32494141291alt 2.68221

Top 5 losers

Name                                Price (USD)% change(24h)
Monero59.8723730755alt -0.83232
Chainlink3.69286619941alt -0.178093
Stellar0.0722664722814alt -0.153394
Ethereum Classic7.199038783alt -0.016774
Tezos2.74583868119alt 0.175615

Other great coins

Name                                Price (USD)% change(24h)
Cardano0.0507528566004alt 2.45442
Steem0.180774004799alt -0.718163
Ethereum208.627921558alt 1.08305

Coin news


Binance

First Mover: US Arms of Binance, FTX Push Into Margin Trading, but Likely Not at 100x!

by coindesk.com
Binance.US and the soon-to-launch U.S. unit of FTX aim to offer cryptocurrency margin trading in the American market, but won't be able to provide leverage to the degree offered by overseas competitors. ...

Why Binance and Akon Are Betting on Africa for Crypto Adoption!

by coindesk.com
Demand for bitcoin is surging in Ghana, Nigeria and Kenya, attracting investment from the cryptocurrency exchange Binance and a token project by Akon....

Bitcoin

Bitcoin Revenue in Square’s Cash App Tops Fiat Revenue for First Time in Q1!

by coindesk.com
Bitcoin profit through Square’s Cash App was $7 million in the first quarter of 2020. It earned $8 million in bitcoin profit through the whole of 2019....

Market Wrap: Derivatives May Reduce Miner Selling Pressure After Bitcoin Halving!

by coindesk.com
The crypto derivatives market is helping to hedge the uncertainty on which way the bitcoin market will go when miners have less revenue post-halving. ...

Bitcoin Node Count Falls to 3-Year Low Despite Price Surge!

by coindesk.com
The number of Bitcoin nodes fell to its lowest level in almost three years, according to data calculated by one prominent Bitcoin developer. ...

‘Black Thursday’ Distortion Makes Bitcoin Options Look Cheaper!

by coindesk.com
With a key metric declining to record lows, bitcoin’s options market may be underpricing the cryptocurrency’s future volatility....

Bitcoin News Roundup for May 6, 2020!

by coindesk.com
BTC stays above $9K while some new startups wrestle for market share. It's CoinDesk's Markets Daily Podcast.
...

Bitcoin Can Boost Portfolio Returns, Even if Bought at All-Time High: Bitwise Study!

by coindesk.com
Bitwise found that bitcoin acts as a useful counterweight to a traditional portfolio if managed in the right way....

Bitcoin Breaches $9.2K as Open Positions on CME Futures Hit 10-Month High!

by coindesk.com
Bitcoin is quickly gathering upward momentum alongside a surge in open positions on CME futures....

Amun Launches Token Tracking the Inverse of Bitcoin’s Price!

by coindesk.com
The Swiss ETP provider's new token lets traders make gains whenever bitcoin's price falls....


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Cryptocurrency 24 Hours Recap | Ecency