With a roughly 10% increase to its market capitalization, Tether (USDT) has shifted to the fourth slot in the crypto market cap rankings. The repositioning can be attributed more to the downfall of other cryptocurrencies than it can to increased demand for Tether or expansion of its market cap. At $ 2 billion, it is about 20% of third-place Ethereum. Combined, the top three (Bitcoin, Ripple/XRP, and Ethereum) make up $ 70 billion of the current $ 112 billion cryptocurrency market capitalization. Former number four EOS dropped by over $ 200 million, or 10%, over the past 7 days. 24-hour trading charts showed EOS
Cryptocurrency wallet and cold storage provider Xapo now holds around $ 10 billion in Bitcoin, sources have said.
$ 10 Billion On 5 Continents
Speaking to Bloomberg about the startup’s network of underground vault, two clients and a further anonymous source “close to the venture” confirmed the figure was an “accurate approximation” of its holdings.
Xapo made headlines when it began storing Bitcoin in a mountainside vault in Switzerland after moving to the country from California.
Now, storage requirements span five continents, handling coins from both private and institutional investors and even some other crypto offerings.