Daily crypto: Prices continue to fall despite news of huge crypto platform

Daily crypto: Prices continue to fall despite news of huge crypto platform.

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Christian Ploog

christian.ploog@trijo.co

Despite the fact that the world's biggest stock exchange operator has announced that they are planning to launch a huge crypto platform, the news does not seem to have affected the crypto prices.

During Friday, the world’s biggest stock exchange operator, the American company Intercontinental Exchange (ICE) who owns the New York Stock Exchange, announced that they plan to launch a huge crypto platform in collaboration with Microsoft and Starbucks.

In November, they are planning to launch both a new company, called Bakkt, and a new platform with the purpose of making bitcoin a trusted global currency that is widely used. The platform’s purpose is, among other things, to let customers buy, sell, store and spend cryptocurrencies.

There have also been talks of a new form of bitcoin future contracts, making it easier for people to save in a retirement fund with cryptocurrencies, and that this could allow the introduction of a credit card linked to bitcoin.

Red numbers

Many analysts in the industry have said that this is a big thing. Nevertheless, the news does not seem to have significantly affected the crypto prices. This may be because everything is not yet in place and that it will take until November before the platform is launched.

The biggest cryptocurrencies show red numbers in the last 24 hours. Bitcoin (-2,02%) has fallen the most, but also eos (-1,46%), bitcoin cash (-1,28%) and xrp (-1,17%) have decreased in value.

The cryptocurrencies on top 100 that performed the best were empowr coin (+35,36%) and moac (+19,20%), and the ones that performed the worst were emercoin (-10,52%) och loopring (-9,50%), according to Coinmarketcap.

Asset: Price: % (24h)
Bitcoin $7 271,34 -2,02%
Ethereum $409,92 -0,86%
Xrp $0,433943 -1,17%
Bitcoin cash $708,54 -1,28%
Eos $7,02 -1,46%

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