Daily Cryptocurrency Tracker 20.3.19: Cryptos remain stagnant

The relatively lower volatility seen in crypto markets over the past few days persisted over the past 24 hours, as 8 of the top 10 cryptos showed price movements lower than 1%. At the time of writing, Bitcoin registered modest gains, holding above the $4,000 mark.

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Zcash climbs nearly 10%

While the top 10 cryptos registered relatively lower volatility, outside the top 10, several cryptocurrencies showed impressive gains. One such crypto was Zcash, which climbed nearly 10% over the past 24 hours. The crypto, currently ranked 21st by market cap, has had a solid week, showing gains of more than 15% over the past 7 days, reaching price levels not seen since December of last year.

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

China launches blockchain subway invoice project

The ability of blockchain technology to track and record digital transactions, while keeping each record unique, has been put to work in Subway system in the city of Shenzhen. The system was launched in the Futian Station of the Shenzhen Metro, enabling passengers to receive their blockchain-based travel invoice via Tencent’s WeChat app. According to reports in China, the system issued more than 1 million invoices during the first day alone, at a total value of around $200 million.

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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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