The cryptocurrency market is looking pretty red today. Binance coin is the only crypto in the top 20 that is in the green. This week the exchange’s CEO said it will be launching its own public blockchain in a couple of months or so. The coin was also boosted by the exchanges recent partnership news.
Unlike many cryptocurrencies, Binance coin is actually higher than the price we saw it at this time last year. This day last year it was around $5. Today we saw it surge past $6. Binance Coin is in 13th place in terms of marketcap.
Today the total cryptocurrency market cap is around $124 billion US dollars. The global cryptocurrency market has already seen losses of more than $706 billion since hitting January highs.
Many crypto start-up are apparently struggling to access capital as people are becoming more sceptical, but despite negative sentiment, a new cryptocurrency exchange called ErisX has reportedly raised $27.5 million from investors. This includes NASDAQ Ventures and Fidelity Investments.
Please remember this is news, not investment advice.
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