Yesterday’s slump in crypto markets has somewhat slowed today, June 27, with small recoveries among the top ten coins on Coin360.
Market visualization from Coin360
Bitcoin (BTC) is trading at around $6,157, up less than 0.17 percent over a 24 hour period as of press time.
Yesterday, Nobel laureate in economics Robert Shiller said that BTC is a “social movement” that runs along “generational and geographic” lines. Speaking of Bitcoin’s 87% decline in November 2013 - and more broadly, to its infamous ups and downs ever since - Shiller sarcastically noted that “tulips are still valued, there are some expensive tulips.”
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index
Ethereum (ETH) is slightly up as well, trading around $439, with an increase of 0.36 percent over the 24 hour period.
Ethereum price chart. Source: Cointelegraph Ethereum Price Index
TRON price chart. Source: Coinmarketcap
Most of the top ten coins are seeing a mild recovery, including Ripple (XRP), Litecoin (LTC) and Stellar (XLM). EOS and IOTA have seen the largest gains by press time, respectively trading up 6.08 and 4.34 percent over the 24 period.
Total market cap is around $249 billion, up almost six percent from this week’s low on June 24 of $235 billion.
Total market cap of all cryptocurrencies from Coinmarketcap