Today’s top headlines in the crypto roundup: Bittrex to disable support for 32 cryptocurrencies for U.S. customers, stolen Bitcoin from the Bitfinex hack is on the move & Bitcoin trade volume hits a 14-month high at Coinbase.

The majority of the top 10 cryptoassets by volume are down between 1%-5%. QTUM and Ontology (ONT) are bucking the bearish trend, posting gains of 6.98% and 13.61% in the past 24 hours respectively.

At the time of writing, bitcoin (BTC) and ether (ETH) are trading at $7,722.57 (-2.6%) and $236.44 (-3.33%), respectively. The MVIS CryptoCompare Digital Assets 10 Index, it is currently tracking at 3,771.12 (2.05%).

Bittrex to Disable Support For 32 Cryptocurrencies for U.S. Traders

Major cryptocurrency exchange operator, Bittrex, announced it will disable support for 32 listed cryptoassets for customers based in the U.S.  Among the cryptocurrencies set to be disabled on Bittrex – and transitioned to Bittrex International – are Storj (STORJ), Gifto (GTO), and Enigma (ENG).

Bittrex’s decision comes only a few weeks after Poloniex stopped offering nine cryptocurrencies to domestic customers due to regulatory uncertainty. Effective on June 21, the U.S.-based exchange stated in a blog post that:

"U.S. Customers will be sent an email communication from Bittrex that provides guidance on what they can and cannot do with their affected Tokens/Coins in connection with this change before an affected market is no longer available.”

Stolen Bitcoin from the Bitfinex Hack is on the Move

Stolen bitcoins from the 2016 Bitfinex hack have been moved after being untouched for three years. The 2016 hack cost Bitfinex $60 million and remains unsolved to this day. On Friday 7th 172 BTC ($1.37 million) was moved in a series of transactions to an unknown wallet.

Some commentators are speculating that the move is related to the new Bitfinex token ‘Leo’ which allows for the anonymous return of stolen bitcoin. However, a Bitfinex spokesperson Anneka Dew stated:

“We are not involved, and the movement is not tied to the procedure outlined in the UNUS SED LEO white paper.”

Bitcoin Trade Volume Hits 14-Month High at Coinbase

Coinbase traded 738,959.42 BTC ($5.9 billion) worth of bitcoin in May which represents a 14-month high. Bitcoin has fared exceptionally well in May surging over 66%, which is seen as the driving factor behind the increased volumes on Coinbase and many other exchanges.

The record month is still December 2017 which saw bitcoins all-time high of $19,891 and over 1.275 million bitcoin traded on Coinbase. Many see the recent 14-month high as an indication that ‘Crypto Winter’ is definitely over after almost a year and a half of relentless price declines.

State of the Crypto by Top Tier Exchange Volume

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