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Today in crypto: Zcash surges 56%, Circle launches coin pegged to USD

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Published on
May 16, 2018
Daily News

24 hour coin movements summary

Over the last 24 hours, all coins decreased in price and 24 hour trading volume. Bitcoin Cash had the greatest price decrease at 6.52%, while Bitcoin saw the smallest decrease at -2.87%. In terms of 24 hour trading volume, the greatest decrease came from Ripple, dropping -32.13%. Bitcoin had the smallest decrease in volume at -9.62%.

Bitcoin (BTC) past 24 hour movements

Bitcoin's current price as of 9am AEST was US$8,456.45. This is a decrease of US$249.58 (-2.87%) over the past 24 hours. Its 24 hour volume was US$6,644,930,000. This is a decrease of US$707,630,000 (-9.62%).

<table class="custom-table custom-table--non-responsive js-tablesorter"><thead><tr><th>BTC</th><th></th><th></th><th></th><th></th><th></th></tr></thead><tbody><tr><td>Price USD</td><td>24hr change %</td><td>24hr change</td><td>24hr volume</td><td>24hr volume change %</td><td>24hr volume change</td></tr><tr><td>$8,456.45</td><td>-2.87%</td><td>-$249.58</td><td>$6,644,930,000</td><td>-9.62%</td><td>-$707,630,000</td></tr></tbody></table>

Sources: CoinMarketCap,

Ethereum (ETH) past 24 hour movements

Ethereum's current price as of 9am AEST was US$701.00. This is a decrease of US$25.14 (-3.46%) over the past 24 hours. Its 24 hour volume was US$2,499,050,000. This is a decrease of US$491,150,000 (-16.43%).

<table class="custom-table custom-table--non-responsive js-tablesorter"><thead><tr><th>ETH</th><th></th><th></th><th></th><th></th><th></th></tr></thead><tbody><tr><td>Price USD</td><td>24hr change %</td><td>24hr change</td><td>24hr volume</td><td>24hr volume change %</td><td>24hr volume change</td></tr><tr><td>$701.00</td><td>-3.46%</td><td>-$25.14</td><td>$2,499,050,000</td><td>-16.43%</td><td>-$491,150,000</td></tr></tbody></table>

Sources: CoinMarketCap,

Ripple (XRP) past 24 hour movements

Ripple's current price as of 9am AEST was US$0.69. This is a decrease of US$0.0439 (-5.96%) over the past 24 hours. Its 24 hour volume was US$417,854,000. This is a decrease of US$197,791,000 (-32.13%).

<table class="custom-table custom-table--non-responsive js-tablesorter"><thead><tr><th>XRP</th><th></th><th></th><th></th><th></th><th></th></tr></thead><tbody><tr><td>Price USD</td><td>24hr change %</td><td>24hr change</td><td>24hr volume</td><td>24hr volume change %</td><td>24hr volume change</td></tr><tr><td>$0.69</td><td>-5.96%</td><td>-$0.0439</td><td>$417,854,000</td><td>-32.13%</td><td>-$197,791,000</td></tr></tbody></table>

Sources: CoinMarketCap,

Litecoin (LTC) past 24 hour movements

Litecoin's current price as of 9am AEST was US$138.83. This is a decrease of US$7.88 (-5.37%) over the past 24 hours. Its 24 hour volume was US$415,904,000. This is a decrease of US$163,147,000 (-28.17%).

<table class="custom-table custom-table--non-responsive js-tablesorter"><thead><tr><th>LTC</th><th></th><th></th><th></th><th></th><th></th></tr></thead><tbody><tr><td>Price USD</td><td>24hr change %</td><td>24hr change</td><td>24hr volume</td><td>24hr volume change %</td><td>24hr volume change</td></tr><tr><td>$138.83</td><td>-5.37%</td><td>-$7.88</td><td>$415,904,000</td><td>-28.17%</td><td>-$163,147,000</td></tr></tbody></table>

Sources: CoinMarketCap,

Bitcoin Cash (BCH) past 24 hour movements

Bitcoin Cash's current price as of 9am AEST was US$1,328.32. This is a decrease of US$92.67 (-6.52%) over the past 24 hours. Its 24 hour volume was US$934,800,000. This is a decrease of US$218,290,000 (-18.93%).

<table class="custom-table custom-table--non-responsive js-tablesorter"><thead><tr><th>BCH</th><th></th><th></th><th></th><th></th><th></th></tr></thead><tbody><tr><td>Price USD</td><td>24hr change %</td><td>24hr change</td><td>24hr volume</td><td>24hr volume change %</td><td>24hr volume change</td></tr><tr><td>$1,328.32</td><td>-6.52%</td><td>-$92.67</td><td>$934,800,000</td><td>-18.93%</td><td>-$218,290,000</td></tr></tbody></table>

Sources: CoinMarketCap,

Zcash gains 56% after Winklevoss Brothers announce Gemini listing

Zcash (ZEC) has surged in value by 56%, after the Winklevoss Brothers announced yesterday that the coin will now be listed on the crypto exchange Gemini. On Monday May 14, Zcash was priced as low as US$247, with a 24 hour trading volume of approximately US$30.3 million, according to CoinMarketCap. By just after midnight (EST) Zcash had reached a peak of US$386, with a 24 hour trade volume of US$458.2 million. This is equal to a 56% increase in price and a 1,412% increase in trade volume. Zcash has since cooled off with a current value of US$330, and a market cap of US$388 million.

Litecoin (LTC) could soon be transferred for free on payment app Abra

Litecoin (LTC) is now being tested on the payment app Abra and could soon be transferred between wallets free of charge, according to a Tweet from the app’s co-founder Bill Barhydt. Abra customers are able to fund their crypto investments using both crypto and fiat currencies. If the product becomes available on the app, Litecoin could become a viable option for everyday payment transfers without the associated fees. To compare, a transfer on the app using American Express credit would cost 4% in Abra fees and is limited to US$200 per day.

Circle is introducing a cryptocurrency pegged to the US dollar

Goldman Sachs backed crypto exchange Circle is introducing a digital asset version of the US dollar, according to reports from CNBC. The coin will be pegged to the value of the US dollar, in an effort to solve volatility in the market. Circle customers will reportedly be required to hold US$1 for every crypto coin, to keep the price stable. The firm reportedly announced a US$110 million investment round led by crypto mining company Bitmain, bringing Circle’s value near US$3 billion.

Written by
Michelle Hutchison
Global Head of Communication

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