Crypto markets are relatively stable today, July 4, as data from Coin360 shows, with Bitcoin (BTC) holding above the $6,500 price point. Most of the top coins by market cap are seeing minor gains and losses on the day to pres time.
Bitcoin is trading around $6,752 to press time, up almost 3 percent over the 24-hour period. After a significant uptick starting June 30, the leading cryptocurrency continues to hold comfortably above the $6,300 resistance level, which Fundstrat’s Robert Sluymer earlier this week highlighted as crucial for reversing spring’s downtrend.
As the markets consolidate their late June rebound, the risk of security incidents will need demonstrably robust responses to maintain public confidence.
The world’s largest crypto exchange, Binance - which has processed over $1.5 billion in trades over the last 24 hours - has now resumed services after irregular patterns for Syscoin (SYS) trades prompted an emergency temporary suspension yesterday, July 3.
While exact details remain undisclosed, the incident appears to have seen Syscoin trading for a staggering 96 BTC (around $640,000) on the exchange. Binance has now rolled back all the irregular trades, and also announced a series of measures to protect its users.
Bullish news for blockchain technology meanwhile has seen a UK government minister today call on the state to “show leadership” by “using blockchain to enable social freedom, to increase efficiency, and to rebuild societal trust.”
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