Daily Cryptocurrency Tracker 2.5.19: Bitcoin climbs while altcoins lag

After showing strong gains in the previous session, the cryptocurrency market once-again reverted to losses over the past 24 hours, as 9 of the top 10 cryptos were in the red at the time of writing. Bitcoin was the only crypto to register gains, up around 0.3% at the time of writing and climbing above the $5,400 mark.

 

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Dash climbs 3%

While the majority of cryptocurrencies were in the red over the past 24 hours, some were still able to post gains. Just outside the top 10, 13th ranked Dash was in the green, up around 3% at the time of writing. The recent gains were almost enough to erase the losses suffered in the market crash that happened last Friday, as Dash is now down only around 0.6% over the past 7 days.

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

Washington state recognizes blockchain records

Another step towards the use of blockchain for record-keeping: The US state of Washington has introduced a new bill into law, recognizing digital blockchain records as legal, enforceable documents. The new law, signed by Governor Jay Inslee on April 26, states that records recording on blockchain platforms have the same validity as any other legal document. The new law gives further legitimacy for the use of blockchain in record-keeping, and could serve as a catalyst for other states in the US to pass similar laws.

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Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance is not an indication of future results. This is not investment advice. Your capital is at risk

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