BTC Below $7,000 As Crypto Markets See Modest Downward Trend
The crypto markets’ relatively good start to the second quarter this week has turned into marginal declines across the top ten coins on CoinMarketCap.
BTC is currently trading for around $6,811, down almost 4 percent over a 24 hour period to press time. This week had seen BTC’s price consistently above $7,000, so today’s lower price could be attributed to regulatory news from Japan and South Korea, as well as another reported investigation into a US fintech firm as part of the US Securities and Exchange Commission (SEC) crypto probe.
Ethereum (ETH) is still below $400, currently trading for around $382 and down about half a percent over a 24 hour period to press time.
Altcoin TRON, which is currently ranked 12th on CoinMarketCap, stands out as it is up almost 29 percent over a 24 hour period, trading for around $0.04 by press time. TRON’s price spike today could be attributed TRON’s Test Net launch on March 30, as well as the news that TRON will now be listed on South Korean exchanges Bithumb and Upbit:
Total market cap is currently at around $257 bln, down from its intraweekly high on April 3 of around $283 bln.