Price Watch: Bitcoin, Ethereum, EOS, IOTA Moving Upward

Bitcoin is up 1.62% over the past 24 hours.

On June 13, the University of Texas released a study that exposed possible Bitcoin price manipulation through Tether supply in the global marketplace.

John Griffin and co-author Amin Shams correlate the timing of Tether transactions and Bitcoin price movements in their study titled, "Is Bitcoin Really Un-Tethered?".

The study identified patterns that demonstrate less than 1% of hours in which large-scale Tether purchases occur are associated with 50% of the market movements that resulted in the rapid rise in the value of Bitcoin and 64% of the positive action expressed by other cryptocurrencies.

"The network on which Bitcoin functions is operational and appears to have been decentralized for some time, perhaps from inception. Applying the disclosure regime of the federal securities laws to the offer and resale of Bitcoin would seem to add little value."

Ethereum is up 3.68% over the past 24 hours.

On June 13, it was revealed that over $20 million in Ethereum was stolen from users of the Geth Ethereum client.

EOS has a market cap of $9.93B with a 24 hour volume of $1.29B.Chart by CryptoCompare.

On June 13, EOS token performance took a significant hit as a result of the delay in launch, falling by over 10% as market sentiment shifts away from the ailing platform.

On June 12, the first EOS Hackathon was concluded - announcing three top prize winners for DApps built on the EOS smart contract platform.