Here is your dose of the daily Cryptocurrency Market Report for June 29, 2017
The price of Ether rebounded above $300 today. Currently sitting at $312, Ether is up 10% today on the USD market with over $315M exchanged in the last 24h the cryptocurrency rose to as much as $322 yesterday.Some market observers believe that this rise is a natural response to the recent correction in cryptocurrencies.
Announced yesterday, the Pantera Capital investment firm is launching a new hedge fund focused on investments in tokens that power public blockchain protocols. Called Pantera ICO Fund LP, the fund intends to raise $100m. The new fund will complement Pantera Bitcoin Partners, a joint investment fund launched by Pantera, Fortress, Benchmark Capital and Ribbit Capital in early 2014 to invest in the cryptocurrency.
Japan is favoring the Blockchain technology and doing away with its expensive centralized IT servers that are vulnerable to cyberattacks and data theft . According to a report today in the Nikkei, Japan’s Ministry of Internal Affairs and Communications will commence testing a blockchain-based system for processing government tenders this fiscal year through to March 2018.
Bitcoin is up 2.76% at $ 2,591.39 with a volume of Ƀ 89,299.2 - $227,606,684.5 on the USD pairs.
Litecoin is up 3.65% against the dollar for the day at $ 40.87 and up 1.2% to Ƀ 0.01603 on volumes of Ƀ 12,147.8.
Ether is up 5.2% against Bitcoin at Ƀ 0.1194 per Ether and up 8.58% against the dollar to $ 307.88 with average volume Ƀ 104,659.2 on the ETH/BTC pair.
Dash is up 0.24% at Ƀ 0.07176 with Ƀ 5,007.86 volume and up 2.32% against the dollar at $180.04.
Ripple is up 0.49% to Ƀ 0.0001026 with volumes of Ƀ 8,085.68 and up 3.65% against the dollar at $0.2638.
Zcash is up 0.23% for the day to Ƀ 0.1307 per ZEC and up 3.38% against the dollar to $333.39 with an average volume of Ƀ 3,097.29 for the 24 hour period.
Monero is up 5.37% against the dollar at $ 46.68 and up 3.03% against Bitcoin at Ƀ 0.01838 on volumes of Ƀ 2,990.27.
Ether Classic is up 1.05% to Ƀ 0.007216 with volumes of Ƀ 5,060.66 and up 3.75% against the dollar at $18.53.
Stratis is up 0.61 % to Ƀ 0.002654 on Ƀ 2,562.85 volume.
Waves is down 1.5 % to Ƀ 0.001639 on Ƀ 870.21 volume.
