Market Watch Oct.5: Market is Standing Still

A relatively quiet period in the crypto markets has continued with most of the top coins seeing only little gains and losses over the last trading session. Bitcoin prices have hovered between $6500-$6600 for the last 24 hours with the highest point being $6605. Press time price for bitcoin was $6580. 

Oct 5 BTC
BTC Oct 5. Cryptocurrency charts by TradingView.

World’s top altcoin, ETH is following the same trend with prices between $219-$225 on the day.

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The total market cap is $218 billion | BTC market cap is $113 billion | BTC dominance at 52.2%

Major Crypto Headlines

Crypto Exchange Poloniex Removes Margin and Lending Products for US Users. In order to “ensure the exchange complies with regulatory requirements in every jurisdiction,” Poloniex has stopped offering these products and some crypto assets for U.S residents.

US: Legislators Introduce Bill to Find Common Definition of Blockchain Technology. Reps. Doris Matsui and Brett Guthrie will through a new bill dubbed the “Blockchain Promotional Act 2018” try to find a common definition for the blockchain tech.

Blackberry For Healthcare Courtesy Of Blockchain Technology. The software company has launched a new blockchain-based system to store and distribute medical data anonymously.

Significant Gainers And Losers

MediBloc (+100.19%)

A big day for Medibloc [MEDX] as it emerged as the top one gainer in the crypto markets over the last 24 hours.  MediBloc recorded a massive gain of over 100.19% against the USD in the previous trading session. The new gains came after the project team announced the listing of the Medibloc ERC20 token (MEDX) on Korea’s largest crypto exchanges, Upbit.

At press time, MEDX trades at $0.0087 with a daily volume of $9,196,739 and a market cap of $27,610,627. 

Swarm (+54.61%)

Swarm (SWM) performed well in the last session, trading 54.61% higher against the USD. SWM started a bull run on Oct 3 and has been on a positive sentiment since then. With a current price of $0.224, SWM’s daily volume now hovers around $128,104 with a market cap of$13,494,699.

As the Swarm platform gains popularity, the price of its token would continue to go up, and if the project team can execute their roadmap effectively, then the price of the cryptocurrency would also keep going up.

HOQU (-24.27%)

HOQU (HQX) recorded massive short gains at the early hours of the last trading session due to pump operation. However, a price correction followed almost immediately, pushing the token down to the red side of the market. HQX recorded a 24.27% decline against the USD at the end of the last trading period, and currently trading at $0.0068 with a daily volume of $442,337.


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