Hey ninja’s, how’s the trading going? Bitfinex investor Zhao Dong has reportedly been detained by Chinese authorities for unknown reasons. At press time, the validity of this information is unknown.
On the day the crypto market is in the red zone with the majority of the cryptocurrencies reporting moderate daily losses. The largest cryptocurrency bitcoin is reporting moderate daily losses of 2.535 and is trading at $9,057. Bitcoin initially began the day trading at $9,234 before depreciating later in the day and reached its highest point yesterday trading at $9,292. At press time Bitcoins market cap is over $167 billion.
The second-largest cryptocurrency and largest altcoin, Ethereum, is also reporting moderate daily losses. At press time, Ethereum is reporting daily losses of 2.62% and is trading at $225. Ether began the day trading at $230 before depreciating later on in the day. Ether is reporting losses of 2.71% on its weekly chart and is also down 4.78% on its monthly chart.
The second-largest altcoin Ripples XRP is also reporting losses in the last 24 hours. At press time, XRP is down 1.38% in the last 24 hours and is trading at $0.17. XRP is down 3.65 on its weekly chart and also down 13.8% on its monthly chart. At press time XRP’s market cap is over $7 billion.