Cryptocurrency

There were weekend gains for the major cryptocurrency coins, despite a slight dip in the last 24 hours.

At the time of writing (7am), Bitcoin (BTC), which broke $35,000 at the weekend, is above £34,300. It was below $33k on Friday morning but has dipped 2% in the last 24 hours. Its seven-day price is more or less the same.

Ethereum (ETH) is around $2,275 despite a slight dip in the last 24 hours, having dropped towards $2k on Friday morning. It is 15% up on its price last Monday.

Ripple’s XRP coin is at 68 cents after a 1% fall in 24 hours, but remains 5% higher than its position a week ago.

Cardano (ADA), at $1.42, is up 8% in a week and trading 12c higher than Friday morning having dropped a single percentage point in the last 24 hours.

Meme coin Dogecoin (DOGE) is around 24 cents, where it was on Friday, after a 3% drop in 24 hours. Its seven-day price is down 5%.

Binance Coin (BNB) dropped 1% to just below $300 and is 4% up in a week.

https://businesscloud.co.uk/new-crypto-trading-platform-launches-in-uk/

This weekend the governer of France’s central bank, François Villeroy de Galhau, said the euro’s monetary dominance is under threat from cryptocurrency.

De Galhau called for regulation to be introduced rapidly to preserve the strength of the Europe-wide currency.

“Whether it is digital currencies or payments, we in Europe must be ready to act as quickly as necessary, or take the risk of an erosion of our monetary sovereignty,” he said.

“I must stress here the urgency: we do not have much time left, one or two years.”

The overall market cap of the approximate 10,700 coins is at $1.43 trillion after a 0.75% drop in 24 hours.

https://businesscloud.co.uk/fca-bans-crypto-exchange-binance-from-regulated-activity-in-uk/

Synthetix (SNX) was the biggest climber among the top 100 coins, adding 19% in value to reach $8.74. That puts it 38% higher than a week ago.

To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.

For valuations of the top 250 coins by market cap (updated every 15 minutes), their market cap plus 24-hour price change and volume traded, see below. 

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Cryptocurrency