Not exact matches
While Ether has not reached
bitcoin's price or
trading volume yet, it has managed to remain relatively stable over the last several months, encountering only minor
drops in comparison to
bitcoin following the Bitfinex attack and related events.
Following both of these events, there were substantially higher
trading volumes and a
drop in
Bitcoin price.
Bitcoin shed some of its recent gains today,
dropping over 10 % on the back of rumors that Binance, one of the world's largest crypto exchanges by
trading volumes, has been hacked.
While
bitcoin contributed to 85 % of total exchange -
traded XRP
volume in Q1, this number
dropped to 63 % by the end of June, according to the company.
Meanwhile, the price of
bitcoin dropped to $ 570.80 on Friday, with a market cap of $ 9.05 billion and
trade volume of $ 24.26 million.
The latest
drop in total coin value seems to have coincided with broader uptake in
bitcoin, the world's most popular cryptocurrency both in terms of market cap and
trade volume.
After all,
Bitcoin dominance continues to
drop and
trading volumes continue to explode.
The central bank of China is closely monitoring the
bitcoin market in order to avoid another «bubble», claims CEO of BTCChina, while
trade volume on the crypto exchange keeps
dropping.
As we have reported earlier,
Bitcoin dropped like a stone on talks hat Binance, largest cryptocurrency exchange by
trading volume was hacked.
In the grand scheme of things, $ 71m is a
drop in the bucket for
Bitcoin trading volume.