The total market capitalization of the cryptocurrency markets stood at USD 133.4 billion at 9 PM EST, according to Coinmarketcap data, virtually unchanged from the level 24 hours prior.
A look at the crypto market visualization by Coin360 reveals that major cryptocurrencies were all trading in the red, with the notable exception of Binance Coin (BNB), the token issued by the cryptocurrency exchange Binance, that has witnessed a remarkable surge in the past few weeks.
Source: Coin360
BITCOIN (BTC) PRICE UPDATE
Bitcoin 1-day price chart. Source: Coinmarketcap
ALTCOINS PRICE UPDATE
Ethereum 7-day price chart. Source: Coinmarketcap
Ripple 7-day price chart. Source: Coinmarketcap
Finally, the obscure token of the Dubai-based ABBC Foundation, ABBC Coin took its investors on a roller-coaster ride. The price of token initially rallied by over 20% reaching an all-time high of $0.62 – a gain of over 500% in just 10 days. Eventually, the rally seemed to run out of steam and the price began correcting just as sharply. At the time of going to press, ABBC Coin was trading at $0.41, down 35% from the peak reached just hours ago. The price action is highly suspicious and has all the hallmarks of a ‘pump-and-dump’ scheme for which the crypto markets are notorious.
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