Hey ninjas, how’s the trading going? Digital assets investment firm Grayscale published a case study suggesting that Bitcoin (BTC) could be used as a hedge against financial instability. In the case study, the firm used the tension between the United States and China to make its point.
The largest cryptocurrency Bitcoin (BTC) is reporting moderate losses in the last 24 hours, though BTC is presently trading around $11,800 dollars the largest crypto is down 0.1% on the day. BTC market cap at press time is $210 billion.
The largest altcoin by market cap Ethereum is holding on to its position with a market cap of $23 billion at press time. Ether like most of the top 20 cryptocurrencies is also reporting losses on the day, ether is currently down 3.65% in the last 24 hours and is trading around $217 at press time.
Ripples XRP the second-largest altcoin with a market cap of $12 billion is presently trading at $0.30 and is down 1.335 in the last 24 hours. The second-largest altcoin is also down 3.35% on the weekly chart and 23.68% on its monthly chart.
EOS and Litecoin are both reporting losses in the last 24 hours. EOS is currently trading around $4.13 while Litecoin is trading at $88. EOS and litecoin are down 1.51% and 0.92% respectively.