Crypto Markets See More Red as Prices Slump Downwards

The crypto markets continue their slump today, June 26, with most of the coins on Coin360 seeing red.

Bitcoin is trading at around $6,205, down around 1 percent over a 24 hour period to press time.

Stablecoin Tether's release of 250 million tokens yesterday, June 25 had prompted some on Twitter to predict a price increase in Bitcoin, as Tether had been reportedly connected to Bitcoin price manipulation in 2017.

Ethereum is also slightly down, losing almost 5 percent over a 24 hour period and trading at around $446.Ethereum price chart.

Of the top ten coins listed on CoinMarketCap, EOS, whose mainnet went live at the beginning of June after the completion of a year-long $4 billion Initial Coin Offering is down the most, almost seven percent over a 24 hour period, trading for around $8 by press time.

After the initial launch, the mainnet had reportedly "Frozen" for about four hours.

EOS had also come under fire on crypto Twitter for a series of orders from the EOS Core Arbitration Forum to block user accounts that some say puts the coin's decentralized system in jeopardy.

Coinmarketcap cryptocurrency exchanges rankings have been shaken up this week, as two crypto exchanges - CoinBene and Bit-Z - shot to first and second place after their addition of a "Transaction fee mining" model.

Total market cap is at around $248 billion, up from this week's low on June 24 of $235 billion.

Total market cap of all cryptocurrencies from Coinmarketcap.