Bitcoin, Ethereum Prices Remain Steady Despite ‘Crypto Ban’ From India’s Central Bank
Bitcoin has fallen slightly below $7,000, and ETH remains close to $400, after a week of mixed news in the crypto ecosystem.
The crypto markets are holding their own this week, with Bitcoin (BTC) not venturing too far away from $7,000, even amid news that India’s central bank would stop dealing with crypto-related businesses.
The relatively steady prices could be attributed to a big adoption win in Asia yesterday, when Omise and OmiseGO signed a Memorandum of Understanding for fintech and Blockchain innovation with a South Korean banking affiliate.
BTC is currently trading for around $6,880, up a little more than 3 percent over a 24 hour period to press time.
Monero, which recently updated its protocol to protect the cryptocurrency against ASIC miners, specifically Bitmain’s recently announced Antimer X3, is up a little more than 1 percent over a 24 hour period, in 11th place on CoinMarketCap, trading around $170 by press time.
Total market cap is around $258 bln according to data from CoinMarketCap, up from April 1’s intraweek low of around $243 bln.