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Daily Cryptocurrency Tracker 6.5.19: Cryptocurrencies show correction

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After rising on Friday and then holding steady throughout most of the weekend, the crypto market showed a correction over the past 24 hours, as all top 10 cryptos were in the red at the time of writing. Bitcoin was down around 1.3%, still holding above the $5,700 mark.

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Litecoin falls 5%

Of the top 10 cryptos, the largest losses over the past 24 hours were registered by Litecoin, which was down more than 5% at the time of writing. The losses suffered over the past 24 hours completely erased the gains seen over the past 7 days, putting Litcoin, currently ranked 5th by market cap, in the red for the week.

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Indie music giant to go public on the blockchain

Streetlife International, Europe’s largest independent music promoter, is expected to hold an STO (security token offering) on the blockchain later this year. This will make Streetlife the first non-blockchain company in Europe to raise funds on the blockchain. Streetlife is considered the largest promoter of independent music events, hosting some 250 events throughout the continent each year, with a total of more than 250,000 in attendance. The company has yet to disclose when the offering will take place and how much it intends to raise, but the STO is expected to take place during the second half of 2019.

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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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