Cryptocurrencies lose 10% of total market cap this week
Cryptocurrency prices were mixed on Friday, after losing around 10% of their total market capitalisations this week.
The losses followed news that the US Securities and Exchange Commission was postponing its decision on whether to change its ruling on the listing of a bitcoin exchange-traded fund (ETF), that could have paved the way for further cryptocurrency ETF listings.
Bitcoin traded a little higher on Friday but was down 13.2% over the week after the SEC postponement. It was not the worst performer during the week, however, as iota slid nearly 32% after losing Sirin Labs as a key partner in a blockchain venture.
Stellar was among the best performers over the week after Shift Markets, which operates crypto-exchange platforms, announced a partnership with Lightyear to support the integration of Stellar technology and promote the adoption of its lumens currency.
Here’s a round-up of the price moves of the top 10 cryptocurrencies by market capitalisation at 11am on Friday [weekly moves in brackets]:
- Bitcoin +0.8% at $6,363 (-13.2%)
- Ethereum -0.7% at $357.61 (-11.9%)
- Ripple -2.8% at $0.33 (-23.3%)
- Bitcoin cash flat at $590.95 (-16.9%)
- Eos -1.8% at $5.50 (-21.6%)
- Stellar lumens +4.3% at $0.21 (-13.3%)
- Litecoin -1% at $61.30 (-17.9%)
- Cardano +0.6% at $0.12 (-7.4%)
- Tether unchanged at $1 (flat)
- Iota -7.5% at $0.58 (-31.7%)