2018-7-11 13:16 |
On Tuesday, July 10, Bitcoin along with the cryptocurrency market witnessed a major pullback on the charts with the entire market losing $24 billion in one single day.
On Sunday, July 8, Bitcoin crossed $6800 point and everyone was optimistically eyeing it to break the $7000 resistance.
During the early hours on Tuesday, overall market valuations stood at $274 billion that went to hit a low of $250 billion later in the day.
Crypto exchanges like Coinbase launching institutional products like Coinbase Custody to attract institutional players to the crypto market.
This being said, it would be interesting to see how the crypto market dynamics will shift from here onwards.