Daily Cryptocurrency Tracker 6.6.19: Cryptos show slight recovery

After registering significant losses earlier this week, the cryptocurrency market was seen mostly higher over the past 24 hours. At the time of writing, 8 of the top 10 cryptos were in the green, however, 6 of them recorded gains lower than 1.5%. Bitcoin was up about 0.5%, holding above the $7,800 mark.

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BNB leads top 10

While the majority of the cryptocurrencies that registered gains over the past 24 hours showed smaller price movements, Binance Coin (BNB) climbed more than 6%. Despite these recent gains, BNB is still not close to recovering all the losses suffered in earlier sessions, as it is still down more than 7% for the week.

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

Report: Facebook to launch crypto this month

After many rumors and much speculation, social media giant’s cryptocurrency could go live as early as this month. According to a report on news website The Information, the company is planning to enable employees to receive payment in the new crypto, reportedly called GlobalCoin, and will place physical ATMs to allow people to acquire the coin. The crypto will serve as a means of payment and exchange for Facebook users around the world and may also be available on other popular Facebook-owned platforms, such as WhatsApp and Instagram.

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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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