Although Bitcoin is still under $8,000 and Ethereum dancing around $600, the crypto markets are experiencing slight growth today.
May 25: although crypto market prices are still down after the week’s losses, the maps are showing green today, according to data from Coin360.
Market visualization from Coin360
A rally across the board predicted in the wake of last week’s Blockchain Week in NYC did not come into fruition, with the market instead dropping around 10 percent by mid-week.
The market slump could likely be attributed the news that the U.S. Department of Justice has opened a criminal probe into crypto market price manipulation, as well as a holdover of the FUD reported about the accusation of fraud last week against South Korean crypto exchange Upbit – a claim the exchange has refuted by conducting an internal audit.
Bitcoin (BTC) is now hovering around $7,500, up by a little less than 1 percent over a 24 hour period to press time.
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index
Ethereum (ETH) is up as well, almost 6 percent over a 24 hour period and trading for around $607 to press time.
Ethereum price chart. Source: Cointelegraph Ethereum Price Index
Ripple (XRP) is up almost 1.5 percent over a 24 hour period, trading for around $0.62 by press time, after the news that Ashton Kutcher made a $4 mln XRP donation to Ellen Degeneres’ wildlife charity.
All of the top ten coins are Coinmarketcap are in the green, with EOS up the most at around 11 percent over a 24 hour period, trading for around $12.50.
IOTA, who recently signed a memorandum of understanding with the UN for exploring how technology can increase efficiency, is ranked tenth, up by almost 5 percent and trading for around $1.54 by press time.
Total market cap is at around $337 bln, up from it’s intra-weekly low of $320 bln.
Total market capitalization chart. Source: CoinMarketCap
