Another tough week for crypto traders ended on a high note, with word that the US Securities and Exchange Commission does not believe Bitcoin and Ether are securities. The news helped trigger a brief bump in the markets, but did little to slow the overall trend.
Today, Dragonchain (DRGN) led the way, gaining more than 14% in the last 24 hours. Binance Coin (BNB) and Basic Attention Token (BAT) followed, each gaining more than 5%. Here’s a look at 10 coins in the green over the last 24 hours.
|Basic Attention Token||5.52%|
As for the last seven days, the total market cap of all cryptocurrencies combined went from about $327 billion to $281 billion, according to CoinMarketCap.
Every coin in the top 10 ended the week in the red.
IOTA, EOS and Tron fared the worst, all down more than 20%. Here’s a look at how the top 10 coins by market cap performed over the last week.
Despite the downturn, Bitcoin bull Tom Lee of Fundstrat and billionaire investor Tim Draper are undeterred. Both recently made high-flying predictions for Bitcoin. Lee pegs the price at $25,000 by the end of the year and Draper pegs it at $250,000 by 2022.