The main currencies experience gains and losses while the price of BTC remains above USD 8,000

Tuesday, October 8: The top 20 digital currencies report a combination of gains and losses after a profit streak earlier in the day, with the price of Bitcoin (BTC) trying to stay above USD 8,000, according to data from Coin360. According to CoinMarketCap, the market capitalization of BTC is USD 147,902,256,599.

Bitcoin has remained above the threshold of USD 8,000 throughout the day, during which its highest price point was USD 8,355 and the lowest was USD 8,157. At the close of this edition, the leading cryptocurrency is trading at around USD 8,205, having gained 0.58% on the day.

Earlier today, Cointelegraph reported that Bitcoin Core developer Greg Maxwell had criticized the “attractive mystery” that comes with fear of a 51% attack on Bitcoin, arguing that it indicates a fundamental lack of understanding about cryptocurrency.

Ether (ETH) is also slightly up, 1.26% during the day, and is currently trading at around USD 179.4. The altcoin has not registered notable price fluctuations today, it generally remains close to the price of USD 180.

By contrast, the second largest altcoin XRP has registered a 2.02% drop on the day to trade at around USD 0.273, at the close of this edition. In its weekly chart, XRP reports a growth of 7.73% and an increase of 5.81% in the last month.

Meanwhile, Brad Garlinghouse, the CEO of the Ripple blockchain payment network that supports the XRP token, argued that Facebook will not be able to launch its Libra digital currency before 2023.

None of the other currencies in the top 20 list shows double-digit growth today, however, some of them have outperformed BTC and ETH. Cosmos (ATOM), Tron (TRX) and Dash (DASH) are the main winners, with an increase of 7.05%, 3.04% and 2.87% during the day, respectively.

Recent developments related to cryptocurrency

The digital asset custodian of software firm Anchor Labs said it has become the first qualified entity to support the institutional custody of the Telegram token Gram (GRM). Investors could buy existing Grams in the open market, as well as new Grams from the Telegram Open Network Reserve (TON).

The developer of EOS announced the release of version 2.0 of the EOSIO open source protocol. EOSIO is a blockchain-based smart contract protocol that is used to develop and host decentralized applications. It uses a consensus model called proof of delegated participation.

The European Union finance commissioner, Valdis Dombrovskis, promised to propose new rules to regulate cryptocurrencies, such as the Facebook Pound. “Europe needs a common approach to crypto assets such as Libra. I intend to propose new legislation on this, “said Dombrovskis.


Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.

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