Ether trading overtakes Bitcoin
Trading in Ethereum’s digital currency, Ether (ETH), briefly surpassed bitcoin for the first time on Thursday afternoon. The trading preceded an eight percent price drop in Bitcoin, plunging from $1,222 down to $1,132 before recovering to $1,180 in the afternoon.
Ether has been trading at record highs over the past week. The “fuel” for Ethereum is up 23% today alone. On Thursday morning, around 9 AM Eastern Standard Time, the 24 hour trading volume totalled $424.9 million USD, while bitcoin’s was still at $383.7 million. Bitcoin’s trading volume has historically dwarfed Ethereum, and the “honeybadger” of crypto quickly regained it’s position.
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