• Ashley Pugh

The #crypto market has continued to pull back over the last couple of days and now sits at just under $245B.

Image C/O : Videoblocks.com

#Bitcoin ( #BTC) is now sitting just over $7675, after pulling back from recent highs. Are we still in an uptrend , despite this recent pullback?

There has been further selling pressure on #Ethereum (#ETH) , which has fallen just under 4% to $234 after reaching recent highs of $250. Will it now fall back to $200 or below ? Some analysts claim we are heading for a significant pullback.


#Litecoin is holding fairly steady at around $116 , as we approach the #halving in 56 days.


The last time the #LTC block reward was halved it mooned, swill it be a repeat performance? There has seen some significant increase in the last month , but it has been also caught in the recent pullback.

#EOS has continued to fall and is currently way back form its recent high at $6.15, after falling back a further 3% in last 24 hours. Concerns about its centralisation have caused Weiss to reduce its rating to an A- in last few days.

Another exchange, this time Polish company Coinroom, has failed taking customers crypto with it. How many more will go before customers funds are safe to leave on exchanges. The phrase if you don't hold it you don't own it , becomes even more relevant !


IOHK, the parent company of #cardano announced a new roadmap in last few days with Charles Hoskinson tweeting that the much awaited and delayed #shelley network.



Many of the critics have called this project 'vapourware' and after many delays and Hoskinson's time bing pulled in many different directions, including a new blockchain with #Polymath, only time will tell if #ada can breakthrough to take its place as one of the leading 3rd generation blockchains.

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  • Ashley Pugh

The market has continued to grow to just over $253.5B (7th June 8am BST), in the last 24 hours.


Bitcoin (BTC) is now around $7992.50 , after just over 1% growth . Most coins have shown a slight gain, with Litecoin, (LTC) , leading the pack with over 8.5% growth to over $113 after news of its hash-rate hitting an all time high. The new Ant miner L5 is due for release soon and being hailed as a 'game changer'



(See market snapshot section of our website for up to the minute key metrics)


In the news today:


- From Coin Telegraph - Over 100 Staff Now Reportedly Working On Facebook’s Crypto Project


More details are now emerging regarding high-level executives for social media giant Facebook’s crypto project, according to a report by CNBC on June 6.

According to the report, there are now 100 people known to be working on the crypto project via profiles on professional networking platform LinkedIn. Facebook is also reportedly not done hiring, with over 40 openings still available in the team’s business unit, as per its website listing.


- From Techcrunch - Facebook plans June 18th cryptocurrency debut. Here’s what we know


Facebook is finally ready to reveal details about its cryptocurrency codenamed Libra. It’s currently scheduled for a June 18th release of a white paper explaining its cryptocurrency’s basics, according to a source who says multiple investors briefed on the project by Facebook were told that date.


- From Coindesk - EOS Startup Block.One Is Using Its Billions to Buy Back More Equity


Block.one, the company that built the EOS blockchain, is in the middle of another equity buyback in order to bring on more strategic investors, a source familiar with the matter told CoinDesk.


The company has previously conducted equity buybacks in order to resell those shares to new investors that it sees as helpful to its business, the source explained.

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  • Ashley Pugh

There is blood on the streets with the market falling back hard to just over $252B (4th June 8am BST) in the last 24 hours.


#Bitcoin (#BTC) is now just under $8000 with over 7% wiped off in the last 24 hours.


Most top ten coins have suffered large drops with some such as #EOS in the double digits and now is trading at $6.66.



Is this the beginning of a supposed 'much expected pullback' , or simply consolidation of the market before it starts to climb again? Only time will tell.


Todays news stories of interest:



Last week, while most crypto traders witnessed a sideways market with Bitcoin price consolidating in the mid-$8,000s, on the CAD/BTC pair on the cryptocurrency exchange Kraken, there was a flash crash, wiping out 99% of its value in seconds before rocketing back into its trading range.



Bitcoin has once again fallen beneath $8,000 amid a sharp sell-off that saw prices drop to as low as $7,778 according to Coindesk data. At 23:00 UTC late Monday evening, the world’s largest cryptocurrency by market cap began to fall sharply, enduring over a $700 loss in value on the back of strong volume.



Bitcoin price analysts say now is a pivotal time for the world's largest cryptocurrency. Equity markets are jittery and capital inflows into crypto are strong as investors try to figure out where to put their money.


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