Crypto Market Sees Small Recoveries Among Top Ten Coins

Altcoin News

by Coin AIO 1068 views 301

Yesterday’s slump in crypto markets has somewhat slowed today, June 27, with small recoveries among the top ten coins on Coin360.

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.”

Cointelegraph Bitcoin Price Index

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.

Cointelegraph Ethereum Price Index

Ethereum price chart. Source: Cointelegraph Ethereum Price Index

TRON, which had recently activated its Mainnet following a migration to its independent public blockchain June 26, is currently trading around $0.038, up 0.28 percent over the 24 hour period.

TRON price chart

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

Total market cap of all cryptocurrencies from Coinmarketcap