Crypto Market Watch: Bitcoin Seeks For The Next Move, Zcash Classic Plunges 66% Following Bittrex Delisting

The cryptocurrency market is in a mixed state today with most of the top ten cryptos in red while a few are recording gains of no more than 2% on the day.

Bitcoin price traded around $12,400 but dropped to as low as $11,500 during the early hours of today. Although the coin moved back to $11,800 within the last hour, it is now trading around $11,600, indicating approximately 1% decline, at the time of writing

Both Ethereum and Ripple are also in the red side of the market, with the leading altcoins recording losses of 0.9% and 0.1% respectively.

The total market cap is ~$331 billion | Bitcoin’s market cap is ~$207 billion | BTC dominance at 62.5%

Major Crypto Headlines

1 Satoshi Is Now Worth More Than 7 National Currencies. The smallest unit of Bitcoin currently holds more value than some fiat currencies including the Iranian rial, Vietnamese dong, Indonesian rupiah, Guinean franc, Sierra Leonean Leone, Laotian kip, and the Uzbekistani som.

IMF Predicts Central Banks to Issue Digital Currencies. A new survey conducted by the International Monetary Fund (IMF) has revealed that several countries are considering creating a Central Bank Digital Currency (CBDC) as an alternative to cash as well as to reduce banking costs.

Craig Wright Spars With Kleiman Lawyers in Combative Courtroom Appearance. The self-proclaimed bitcoin creator appeared to give reasons why he did not and will not certify facts about the 1.1 million bitcoin he allegedly mined with late David Kleiman in December 2013.

Most Significant Winners and Losers

MMOCoin (181.09%)

The altcoin has the most significant share of the profits in the crypto market today. MMO sees gains of more than 180% against the USD and trading at $0.00568. On the weekly chart, the coin traded as high as $0.009 on Sunday but dropped to the $0.002 region during the rest of the week.

Qredit (139.98%)

Qredit price movement has been somewhat unstable within the last month, with its price seeing massive periodic surges. The cryptocurrency started the day with a price hovering around $0.001 but is now trading at $0.002651, indicating a 139.98% gains on the day.

ZClassic (-66.25%)

Zclassic, which is a fork of Zcash, is suffering the most significant crash in the crypto market today. ZCL is posting losses of over 60% against the USD on its charts with its price now trading at $0.465 with a daily volume of $648,510. Zclassic’s price decline is coming after Bittrex, the leading crypto exchange announced the delisting of the ZCL token from both Bittrex.com and Bittrex international.