Crypto Ups and Downs on 6 - 12 Mar

In this article we present the overview of the gainers and downers among cryptocurrencies with the highest market capitalization during the week on March 6 - 12, 2018
12 March 2018   778

From this article you will learn about the most unpredictable ups and downs of cryptocurrencies. We have analyzed the crypto market, and researched the most popular tokens and coins with market capitalization over $1M. In the charts below you can find all relevant information regarding the leaders of growth and fall during past 7 days.

This week was much less successful for the coins and tokens with high market capitalization, than the previous one. Currently SaluS is the leader of our charts as it rose 25.60% within past 7 days, and it is a much less successful result in comparison with the last week gainers charts, when most of the coins grew more than 50%. MinexCoin is also rising, it managed to increase 21.26%, having grown from $26,56 on March 6 to $32,61 on March 12, while its market capitalization grew from $91 million to $112 million.

The Biggest Gainers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Storj 149 988 933 1,12 9 207 640 + 3.26
MinexCoin 111 737 792 32,27 345 869 + 21.26
XPA 101 399 000 0,101399 79 992 + 4.16
SaluS 85 857 601 84,99 9 218 970 + 25.60
Credits 77 832 224 0,602697 2 859 580 + 7.39

Nevertheless, past week was not so fortunate for some cryptocurrencies. A lot of coins and tokens fell down in price and market capitalization, losing popularity among the users.

The Greatest Downers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
MediShares 59 926 943 0,123941 3 020 720 - 43.30
IoT Chain 51 096 430 1,05  6 620 330 - 43.61
DATA 42 419 099 0,009971 3 552 370 - 44.70
AirSwap 35 255 550 0,235037 1 704 210 - 48.02
Cobinhood 34 769 487 0,097028 301 126 - 43.62

The greatest downer of this week is AirSwap, which fell 48.02%, having its market capitalization decreased from $64 million to $35 million only within 7 days. Moreover, DATA has also had a rather unsuccessful week, as it fell 44.70%, having its price drop from $0,017 to $0,009 from March 6 to 12. The market capitalization of Cobinhood dropped from $58 to $34 million, while the market capitalization of IoT Chain fell down from $87 million to $51 million.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   167

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.
 

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.