The cryptocurrency market hot streak took a breather on Wednesday, with most major currencies down more than 4 percent. Here’s a look at some of the headlines that were moving the cryptocurrency market today and which currencies were on the move.
Headlines
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Chinese police seized 600 bitcoin mining machines in Tianjin after a local power company reported abnormal electricity usage. Five people connected to the operation are under investigation in what the police are calling the “largest power theft case in recent years.”
A hacker reportedly used a phishing scam to re-route traffic from MyEtherWallet.com this week. The hacker, which used a fake MyEtherWallet site hosted on a server in Russia, reportedly re-routed about 180 transactions before making off with roughly $151,000 in Ether.
Nasdaq Inc (NASDAQ:NDAQ) CEO Adena Friedman told CNBC the company is open to the possibility of adding a cryptocurrency exchange over time. Nasdaq also announced a deal to allow cryptocurrency exchange Gemini access to Nasdaq’s surveillance technology. Friedman told CNBC that cryptocurrency regulations must first be ironed out before the Nasdaq would add a crypto exchange.
Price Action
The Bitcoin Investment Trust (OTC:GBTC) traded at $15.22, down 9.8 percent.
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Here’s how several top crypto investments fared Wednesday. Prices are as of 3:45 p.m. ET and reflect the previous 24 hours.
- Bitcoin declined 4.4 percent to $8,996;
- Ethereum declined 10.7 percent to $629;
- Ripple declined 12.6 percent to 81 cents;
- Bitcoin Cash declined 10.3 percent to $1,319;
- EOS declined 2.8 percent to $14.69.
The three cryptocurrencies with at least $1-million market caps that have made the biggest gains over the past 24 hours are:
- FedoraCoin: $7.5-million market cap, 73.1-percent gain.
- ZClassic: $88.8-million market cap, 47.3-percent gain.
- IncaKoin: $2.5-million market cap, 44.3-percent gain.
The three cryptocurrencies hit hardest in the past 24 hours were:
- DNotes: $2.2-million market cap, 40.4-percent loss.
- FirstCoin: $1.3-million market cap, 35.8-percent loss.
- Zeitcoin: $3.3-million market cap, 30.4-percent loss.
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