Cryptocurrency Market Analysis Report June 29 2017

Here is your dose of the daily Cryptocurrency Market Report for June 29, 2017

Ether Rebounds As Price Rises Back Above $300

The price of Ether rebounded above $300 today. Currently sitting at $312, Ether is up 10% today on the USD market with over $315M exchanged in the last 24h the cryptocurrency rose to as much as $322 yesterday.Some market observers believe that this rise is a natural response to the recent correction in cryptocurrencies.

Pantera Capital to Raise $100 Million in Investment for ICO Hedge Fund

Announced yesterday, the Pantera Capital investment firm is launching a new hedge fund focused on investments in tokens that power public blockchain protocols. Called Pantera ICO Fund LP, the fund intends to raise $100m. The new fund will complement Pantera Bitcoin Partners, a joint investment fund launched by Pantera, Fortress, Benchmark Capital and Ribbit Capital in early 2014 to invest in the cryptocurrency.

Japan Will Test Government Tenders on a Blockchain this Year

Japan is favoring the Blockchain technology and doing away with its expensive centralized IT servers that are vulnerable to cyberattacks and data theft . According to a report today in the Nikkei, Japan’s Ministry of Internal Affairs and Communications will commence testing a blockchain-based system for processing government tenders this fiscal year through to March 2018.

State of the Crypto

Bitcoin is up 2.76% at $ 2,591.39 with a volume of Ƀ 89,299.2 - $227,606,684.5 on the USD pairs.

Litecoin is up 3.65% against the dollar for the day at $ 40.87 and up 1.2% to Ƀ 0.01603 on volumes of Ƀ 12,147.8.

Ether is up 5.2% against Bitcoin at Ƀ 0.1194 per Ether and up 8.58% against the dollar to $ 307.88 with average volume Ƀ 104,659.2 on the ETH/BTC pair.

Dash is up 0.24% at Ƀ 0.07176 with Ƀ 5,007.86 volume and up 2.32% against the dollar at $180.04.

Ripple is up 0.49% to Ƀ 0.0001026 with volumes of Ƀ 8,085.68 and up 3.65% against the dollar at $0.2638.

Zcash is up 0.23% for the day to Ƀ 0.1307 per ZEC and up 3.38% against the dollar to $333.39 with an average volume of Ƀ 3,097.29 for the 24 hour period.

Monero is up 5.37% against the dollar at $ 46.68 and up 3.03% against Bitcoin at Ƀ 0.01838 on volumes of Ƀ 2,990.27.

Ether Classic is up 1.05% to Ƀ 0.007216 with volumes of Ƀ 5,060.66 and up 3.75% against the dollar at $18.53.

Stratis is up 0.61 % to Ƀ 0.002654 on Ƀ 2,562.85 volume.

Waves is down 1.5 % to Ƀ 0.001639 on Ƀ 870.21 volume.