Market Overview 2018 July 10
Date: 2018 July 10
Road to Financial Success
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Market Overview
Today july 10, 2018 almost all cryptocurrency have been going down, and they are declining by 5% to 10% even some of then are declined by 15%. We haven’t seen most value down even after monday hacked with Bancor.
Yesterday, Road to financial Success reported that the Cryptocurrency market cap was around the 273 Billion but now the market cap going down to 253.27 Billion. According to the Bancor Twitter tweet they said on the morning of july 9:
“This morning (CEST) Bancor experienced a security breach. No user wallets were compromised. To complete the investigation, we have moved to maintenance and will be releasing a more detailed report shortly. We look forward to being back online as soon as possible.”
They also provide recent update on the Bancor attack by the hacker. Lets see what they are saying about security breach on their System.
“Earlier today, at approximately 00:00 UTC, Bancor experienced a security breach. We take this incident very seriously. We are committing every resource to resolving it, getting the network back online and tracking down the criminals involved.
The details of the breach are still being investigated, but we wanted to update the community with the facts that we have so far.
A wallet used to upgrade some smart contracts was compromised. This compromised wallet was then used to withdraw ETC from the BNT smart contract in the amount of 24,984 ETH (Around $12.5M). The same wallet also stole:
229,356,645 NPXS (Around $1M)
3,200,000 BNT (Around $10M)
Once the theft was identified, we were able to freeze the stolen BNT, limiting the damage to the Bancor ecosystem from the theft. The ability to freeze token was built into the Bancor Protocol to be used in an extreme situation to recover from a security breach, allowing Bancor to effectively stop the thief from running away with the stolen tokens.
It is not possible to freeze the ETH or any other stolen tokens. However, we are now working together with dozens of cryptocurrency exchanges to trace the stolen fund and make it more difficult for the thief to liquidate them.
We will continue to post updates as and when appropriate on our telegram channel and on twitter. We appreciate your patience as we resolve this matter.”
This is the information from the bancor.
Picture: Small Screen shot of Bancor Update in Twitter.
Ethereum Price
At the time of writing, the Ethereum price is sitting at $437.44 USD representing a loss of 9.95% in the last 24 Hours. More than 1.5 Billion worth of ETH were exchanged in the multiple market. We have not seen a Lots of declined for the Ethereum even bancor hacked or security breach in their system.
Picture: Ethereum Price for the last 24 Hours.
Bitcoin
The bitcoin price is sitting at $6,393.12 USD representing a loss of 5.91% in the last 24 Hours. In the last 1 days the price of Bitcoin are declined from around $ 6,960 USD To around $6,240 USD.
The market Capitalization of the Bitcoin were wiped out from 116 Billion USD to 109 Billion USD in one days. The main reason found that the hacked of the Bancro System.
Picture: Bitcoin price chart in of 24 hours.
Alt Coin
Ripple XRP, the third largest coin are in the downtrend it lost 5.64% in the span 24 Hours Currently sitting at 45 cent USD. Bitcoin cash declined by the 6.83% currency sitting at $700 USD. The big Loser are
EOS, lose around 13%, currently sitting at $7.46 USD.
MIOTA (IOTA), LOSE 10.01% currently sitting at $0.971701 USD.
QTUM, OMG, ONT, ICON and some other are declined by huge %.
Market Capitalization
The total market cap of the all cryptocurrency are 254 Billion USD. The total market Capitalization are declined by around 20 Billion USD. Yesterday, Road to Financial Success reported that the Total Market Cap was around 273$ and it declined to the 254 Billion, it is expected that the Market cap will declined more because of Lots of Security breach with Bancor and some small Project.
The Regulation might be the another small reason to declined for the cryptocurrency.
![Market Cap.png]
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Picture: Total Market cap in 1 Days for all Cryptocurrency.
Comsec
Let’s talk about the Share market in australia. Todays Most gainers were JHL(Jayex Healthcare Ltd) it gain 130%, currently sitting at $ 0.068 AUD, CDH, CAD they were also top gainer.
For Tomorrow,
You can look into the ROG, IP1, PKL, OEX, XPE, MOX and WGL as well but remember that Penny stock is very dangerous, so that you should be aware that you might lose all your investment.
Next Share to watch Could be the White Rock Minerals LTD (ASX: WRM) because of it’s just broke the resistant level, so that this could be good Entry for long term investment.
![Comsec WRM.jpg]
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Picture: Picture of WRM, it just broke the resistant level this could be good entry for you.
Final Word,
It’s seem that the Cryptocurrency are downtrend so that it better to wait, if someone want to add in to their investment. The more negative news are coming out so investor and trader needs to wait till good news came out after good news came out in market they can add into their position. They can catch trend.
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