The past 24 hours have seen significant movements in the cryptocurrency market.
Thus, Bitcoin suffered a severe drop as other virtual currencies increased significantly.
The opening of the CME to Bitcoin did not have the desired effects
Bitcoin has fallen by 15% since the last exceptional rises it had experienced lately. It was trading today at 17631 USD, after falling below 17,000 USD.
He had lost 1800 USD!
As a reminder, the cryptocurrency had climbed above the 19,000 USD level when it entered the CBOE futures markets.
But its entry into the GCE market did not have the same effects, and it dropped below 18,000 USD.
IOTA on the rise
Unlike Bitcoin, many virtual currencies have increased in the last 24 hours.
Among them, IOTA, which is trading today at 5.39 USD.
Since last November, with the announcement of its launch of data market, the cryptocurrency of the Internet of Things, given its market capitalization increase of 400%!
It now represents 4% of the digital currency market.
In addition, according to some sources, the Robert Bosch Venture Capital GmbH (RBVC) has just made a strong investment in cryptocurrency.
It should be noted that the technology of IOTA is particularly interesting for the RBVC group. This technology allows objects to communicate and make transactions with each other.
In addition, Dr. Hongquan Jiang, a partner of the RBVC, will join the cryptocurrency advisory board.
He stated :
“We have been working with the IOTA team for over a year. I am very excited that IOTA’s Tangle technology could become the standard underlying technology for seamless machine-to-machine communication, security and payment in the IoT space. “
Significant increase in cryptocurrency
IOTA is just one example of the increase in crypto currencies in the last 24 hours.
Here are some examples:
Bitcoin Cash has increased by 15%.
Ethereum has increased by 16%.
Or Litecoin who increased it by 9%.
The market capitalization of all crypto currencies now stands at more than $ 600 billion.