The global market of cryptocurrencies quickly recovered from the downtrend after the SEC decided to ban the creation of Bitcoin ETFs.
According to NordFX, the BTC exchange rate is currently trading around 6562 USD/BTC, Ethereum – 277 USD/ЕТН, XRP (former Ripple) – 0,325 USD/XRP, Bitcoin Cash – 531 USD/BCH. Over the last 24 hours, they gained 1-2%.
If to take into account the TOP 40 digital currencies, Tether, USDT happens to be the only one showing negative performance over the last 24 hours. The overal market cap has increased all the way up to 212 billion dollars. Bitcoin is currently occupying over 53% over the entire cryptomarket.
On Thursday, the SEC rejected the request to launch the world's first Bitcoin-based exchange-traded funds - ProShares Bitcoin ETF and ProShares Short Bitcoin ETF - as well as the same ETFs by Direxion and GraniteShares. This leads us to belive that we are not going to see a BTC ETF launch this year.
In the meantime, international experts have calculated the cryptomarket's losses since the start of the year. It turns out that the market has already lost some 110 billion dollars of its market capitalization since June 2018. In particular, as of June 1st, 2018, the cryptomarket cap used to be equal to 331 billion dollars, but now it has dropped all the way down to 210-220 billion dollars.
However, there's good news for crypto investors. The Commonwealth Bank of Australia that emitted the world's first blockchain-based bonds has recently reported about the higher-than-expected demand for their bonds. While the bank emitted 100 million Australian dollars in bonds earlier this year, shortly after that 7 major investors placed their orders for 110 million Australian dollars in bonds.
