Crypto Markets See Some Green After Week of Lows, Bitcoin Price Hovering Around $7,500
Although Bitcoin is still under $8,000 and Ethereum dancing around $600, the crypto markets are experiencing slight growth today.
May 25: although crypto market prices are still down after the week’s losses, the maps are showing green today, according to data from Coin360.
Market visualization from Coin360
The market slump could likely be attributed the news that the U.S. Department of Justice has opened a criminal probe into crypto market price manipulation, as well as a holdover of the FUD reported about the accusation of fraud last week against South Korean crypto exchange Upbit - a claim the exchange has refuted by conducting an internal audit.
Bitcoin (BTC) is now hovering around $7,500, up by a little less than 1 percent over a 24 hour period to press time.
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index
Ethereum (ETH) is up as well, almost 6 percent over a 24 hour period and trading for around $607 to press time.
Ethereum price chart. Source: Cointelegraph Ethereum Price Index
Ripple (XRP) is up almost 1.5 percent over a 24 hour period, trading for around $0.62 by press time, after the news that Ashton Kutcher made a $4 mln XRP donation to Ellen Degeneres’ wildlife charity.
All of the top ten coins are Coinmarketcap are in the green, with EOS up the most at around 11 percent over a 24 hour period, trading for around $12.50.
IOTA, who recently signed a memorandum of understanding with the UN for exploring how technology can increase efficiency, is ranked tenth, up by almost 5 percent and trading for around $1.54 by press time.
Total market cap is at around $337 bln, up from it’s intra-weekly low of $320 bln.
Total market capitalization chart. Source: CoinMarketCap