Daily Cryptocurrency Tracker 4.12.18: Bitcoin Cash at all-time low

The cryptocurrency slump seen in recent days persisted over the past 24 hours, as 9 of the top 10 cryptos registered losses. At the time of writing, Bitcoin was down less than 1%, but was still trading below the $4,000 mark. Despite remaining in the red, the majority of top 10 cryptos registered relatively lower losses, of around 1%.

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

Bitcoin Cash reaches all-time low

The aftermath of the Bitcoin Cash hard fork, coupled with the recent bearish trend seen in crypto market, weighed on BCH prices, as they recorded an all-time low over the past 24 hours. At the time of writing, Bitcoin Cash was trading more than 4.5% lower. However, significant losses of more than 10% by EOS helped Bitcoin Cash maintain its spot as the world’s 5th largest cryptocurrency by market cap.

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

GM plans on using blockchain for driverless cars

The potential of blockchain technology for uses other than finance has been heavily debated recently, as several of the world’s largest companies began utilizing it for other applications, such as supply chain tracking. Now, it seems that another industry is planning on using the technology, as revealed by a recent patent filing by General Motors. According to the filing, GM is planning on using the technology to enable fast communication between driverless car fleets, for exchanging information such as navigation and vehicle density.

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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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