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.
Cryptocurrencies fall, and collectively lose more than 10% of their market cap 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.
Price round-up
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%)