Copyright © 2018

Daily Cryptocurrency Tracker 10.4.19: Cryptos remain in the green

After registering noticeable price swings over the past few days, the cryptocurrency market was mostly higher over the past 24 hours, as 8 of the top 10 cryptos were in the green at the time of writing. Bitcoin was up around 0.5%, holding above the $5,200 mark.

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

EOS leads top 10

Of the top 10 cryptocurrencies, EOS registered the largest gains over the past 24 hours, climbing more than 6% as of the time of writing. The crypto, currently ranked 6th overall by market cap, climbed more than 11% over the past 7 days, reaching price levels not seen since September of last year.

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

Facebook reportedly raising $1 billion for crypto coin

Social media giant Facebook has reportedly approached various venture capital firms in an attempt to raise funds to back the issuing of its cryptocurrency. According to New York Times reporter Nathaniel Popper, the sum raised could reach as high as $1 billion. Earlier this year, reports surfaced of Facebook’s intention to integrate money transfer featured into its WhatsApp platform, using a stablecoin of its own making. According to Popper, Facebook intends to use the external funds to present the project as more decentralized and use them as collateral for its cryptocurrency.

eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

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

The post Daily Cryptocurrency Tracker 10.4.19: Cryptos remain in the green appeared first on eToro.