• Bitcoin's dominance is down by 2.4% (51.9%), the total market cap is down by 4.4% ($175bn)‚ and overall volume is down by 36% ($39.4bn) on the previous week. Bitcoin is down by 1.2%, Ethereum is down by 6.8%, XRP is down by 8.3%, and EOS is up by 0.8%. The best performers among the top-20 crypto were Tezos (20%), Binance Coin (6.8%) and EOS (0.8%).

  • CME Group Reports Record Volume on Bitcoin Futures

  • Societe Generale Subsidiary Launches Blockchain ETN

  • Facebook Seeks $1 Billion Venture Capital for Its Crypto Initiative

  • Coinbase Launches Crypto Visa Card for UK and EU Customers

  • Blockstack to Raise $50 Million in SEC-Regulated Offering

  • Securitize Launches One Stop Shop for Security Token Services

  • GSX Allows for Listing of Tokenized Securities

  • Mauritius Issues Regulatory Guidance on STOs

  • BitStamp Receives BitLicense to Expand Their Operations in US

  • US Congressman Reintroduces Token Taxonomy Act

  • China Plans to Ban Crypto Mining Activities

 

MARKET MOMENTUM

After the week-long spike since the beginning of the April, digital assets have been consolidating over the past week, where the total market cap lost almost 4% of its value. Bitcoin has attempted to break through the yearly highs at $5,450, but has failed and fallen by 8%, towards sub $5k levels, where it has found its support and is currently slowly climbing to $5,200. Ethereum has fallen by more than 10% from $180 to find its support above $160, from where it has jumped back to the current $169. Similarly, the third largest asset, XRP, has fallen almost 10% from $0.36 to $0.33, however it's still struggling to build momentum, much the same as BTC and ETH. For the rest of the top-30 assets, 7 day losses range from 5% to 16% with the exception of Tezos (+20%), BNB (+4.4%) and EOS (+1.5%).

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This report is for informational purposes only and should not be construed as a recommendation or investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. All market prices, data and other information contained in this report have been prepared from sources believed to be reliable, but we give no representation or warranty that the information is complete, accurate or current. Past performance is not a reliable indicator of future performance. Future returns are not guaranteed and a total loss of principal may occur. This report may not be reproduced, redistributed, or copied in whole or in part for any purpose without NKB GROUP AG’s prior express consent and may not be distributed in jurisdictions where digital assets are prohibited.

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