The crypto markets have generally bot ter the green from yesterday when the Overeenstemming Summit began te Fresh York City. Bitcoin (BTC) is presently trading at $8,789, Ethereum (ETH) has found a footing above $700 and trading at $734, Ripple (XRP) is trading at $0.745, Bitcoin Specie (BCH) is presently valued at $1,446, and EOS (EOS) is demonstrating some remarkable recovery at $14.Nineteen. All thesis top Five coins are demonstrating daily gains of inbetween 2% to 5%: not bad increments considering the market dip that wasgoed experienced when news klapper the crypto-verse that Upbit wasgoed under investigation for fraud.
The South Korean exchange wasgoed raided by almacén police and investigators on allegations that it wasgoed cooking its books. The investigations further dug deep to conduct allegations of suspicious movement of funds from the Upbit exchange to the individual accounts of Upbit executives.
This announcement, on the 10th of May, caused a major dip ter the crypto-markets that spotted the total market capitalization druppel from a stable $440 Billion to levels of $389 Billion te a time period that wasgoed less than 12 hours. This happened spil more and more traders received the above news and embarked withdrawing their digital assets from the exchange for fear of it falling exclusief or being closed by South Korean authorities. This news wasgoed coincidentally reported at the same time there wasgoed fear of a Mt. Gox Bitcoin (BTC) dump that wasgoed worth overheen 8,200 BTC: Dual FUD ter a day!
The above two events caused a funk that rocked the markets across the weekend, and into Monday when the Overeenstemming event kicked off te Fresh York City, bringing a much-needed increment te volume ter the crypto-markets.
News reaching Integral Coin Report indicates that an internal audit by Upbit has come up with preliminary findings that distance the South Korean exchange from any wrongdoings. The exchange is still operational spil wij speak and proceeds to process transactions for its traders. Upbit is very certain that the kwestie will be resolved 100% merienda the South Korean officials also expose similar findings.
This voorstelling of confidence by Upbit has brought some much-needed ease that will permit traders to proceed using the exchange without fear of further fright. Upbit is presently ranked 5th on coinmarketcap.com and according to daily trade volume te USD. The exchange is presently doing $718.53 Million te daily trade volume at the uur of writing this with EOS being the very traded asset on the exchange. The token makes up 15.63% of the daily trade volume on the exchange.
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Disclaimer: This article should not be taken spil, and is not intended to provide, investment advice. Integral Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings te some of the coins or tokens they voorkant. Please conduct your own thorough research before investing ter any cryptocurrency and read our utter disclaimer.