Daily Cryptocurrency Tracker 24.4.19: Bitcoin continues to climb

While the majority of the crypto market registered losses over the past 24 hours, with 8 of the top 10 cryptos in the red at the time of writing, Bitcoin continued to climb. The world’s largest crypto was up around 1.5%, climbing above the $5,600 price level for the first time in 5 months.

 

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Litecoin registers largest of top 10’s losses

No less than 8 of the top 10 cryptos registered losses over the past 24 hours, including 4 that were down 5% or more at the time of writing. The largest losses were seen in Litecoin, which was down more than 5.4%. The recent declines brought Litecoin’s weekly total to losses of more than 8%, pushing it further away from the yearly high recorded at the beginning of this month.

 

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

Blockchain to be used for ID verification in vending machines

Another non-financial use of blockchain is rolling out into the market. Blockchain-based identity verification company Civic has announced a partnership with no-less than 12 major automated retail companies, for implementing its technology in their vending machines. Using Civic’s technology, the process of identity verification is automated, enabling sales of age-restricted products, such as alcohol and tobacco. According to the company, the blockchain ID technology will be deployed in 1,000 vending machines by the end of the year.

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Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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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