By eToro

Daily Cryptocurrency Tracker 1.23.19: Cryptos show recovery

After showing a decline earlier this week, cryptocurrencies recovered over the past 24 hours, as 9 of the top 10 cryptos registered gains. At the time of writing, Bitcoin was up more than 1.2%, climbing back above the $3,600 mark. However, from a weekly perspective Bitcoin is still in the red, as it needs to climb an additional 1.2% to erase the losses seen over the past 7 days.

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Bitcoin Cash climbs 7%

Currently ranked 4th by market cap, Bitcoin Cash was the top 10 crypto that registered the largest gains over the past 24 hours. Moreover, Bitcoin Cash was one of just 4 top 10 cryptos that are currently seen higher for the week, climbing more than 1% over the past 7 days.

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Major Dutch bank goes big on blockchain

ING, the 3rd-largest bank in the Netherlands, has taken a major step into the blockchain space. The bank has reportedly signed a 5-year deal with blockchain firm R3, to create several blockchain-based projects for its financial services. According to the deal, ING will have an unlimited number of licences to use R3’s blockchain platforms Corda Enterprise and CorDapps. Annerie Vreugdenhil, ING’s Head of Innovation for wholesale banking, told The Next Web: “We are one step closer to deploying live DLT solutions for our clients with the supported infrastructure in place”.

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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