Daily Cryptocurrency Tracker 10.6.19: Cryptos remain lower

The cryptocurrency market was seen lower over the weekend, as the negative trend continued. Over the past 24 hours, the negative momentum persisted, as all top 10 cryptos were in the red at the time of writing. Bitcoin was down more than 2%, remaining below the $7,700 mark.

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XRP loses more than 4%

While all top 10 cryptos registered losses over the past 24 hours, the largest decline was seen in XRP prices. At the time of writing, the crypto, currently ranked 3rd overall by market cap, was down more than 4.5%. The recent decline added to XRP’s total weekly losses, as the crypto is down more than 12% over the past 7 days.

Highly volatile investment product. This is not investment advice. Your capital is at risk.

Study: Majority of crypto mining powered by green energy

The mining of cryptocurrencies requires significant computing power, which in turn leads to high consumption of electricity. However, a recent study reveals that nearly three quarters of the energy used comes from renewable sources. Cryptocurrency research company CoinShares recently released its bi-annual mining reports, which surveys various aspects of the industry, including energy consumption. According to the report, 74% of all energy used for crypto mining comes from renewable sources.

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