Cryptocurrency markets are starting to slowly inch back upwards after many digital assets lost roughly 40-70 percent of the values they held two months ago. Bitcoin core markets (BTC/USD) reached a low of $5,920 this past Monday, but as the weekend approaches the price has regained strength hovering around $8,250-8,450.
Moreover, the price of bitcoin cash (BCH) has jumped considerably, gaining over 23 percent today with an added $1.4Bn worth of trade volume combined to the intraday. Also Read: China Censors Cryptocurrency Ads on Search Engines and Social Media Some individuals speculate the bearish cryptocurrency dumps that plagued markets for six weeks seem to be over.
Most digital assets saw some excellent percentage gains yesterday on February 8, but during overnight trading sessions there were some considerable highs and lows. Currently, average BTC/USD prices are holding above the $8K price region and trade volume is roughly around $10.2Bn over the past 24-hours. The top five exchanges trading the most BTC today include Okex, Bitfinex, GDAX, Upbit, and Bitflyer.
The Hong Kong-based exchange Binance has been having upgrade issues and had to stop trading until the platform is fixed. At the company’s current rate, they estimate trading activities will resume at 2018/02/09 4 am UTC.
Right now the Japanese yen is the most traded currency with BTC capturing 48 percent of the day’s trade volume. This is followed by the U.S. dollar (31%), tether (USDT 7.5%), the euro (5.8%) and the Korean won (3%). Read more from news.bitcoin.com…
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