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Daily Cryptocurrency Tracker 27.12.18: Crypto markets show correction

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After an impressive bull run earlier this week, crypto markets took a downturn, which continued over the past 24 hours, as all top 10 cryptos registered losses. At the time of writing, Bitcoin was down 1.4%, trading just below the $3,800 mark. However, despite this correction, 4 of the top 10 cryptos are still in the green for the week.

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Ethereum declines 6%

Of the top 10 cryptos, it was 3rd-ranked Ethereum to register the largest losses, down more than 6% at the time of writing. While registering significant declines, Ethereum is still positive overall for the past week, up by more than 18% since last Thursday. Other than 10th-ranked Tron, Ethereum showed the largest weekly gains of all top 10 cryptos.

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

Bank of America working on blockchain ATMs

Another major financial institution is working on reinventing a traditional practice using blockchain. Last Tuesday, a patent filing by Bank of America was made public, showing that the 2nd-largest bank in the US intents to create a blockchain infrastructure to power automated teller machine (ATM) transactions. According to the filing, the bank will use blockchain to track and verify cash transactions using ATMs and for overall improvement its ATMs performance.

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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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