https://www.tapchibitcoin.vn/wp-content/uploads/2018/04/thi-truong-crypto.pngThe crypto has had a rare downturn on price stability as the market extended its rally from a four-month low. In this process, total trading volume fell below $ 10 billion, a sign of gloomy trading in the market.
Low trading activity has been reported in the crypto market this weekend, with most of the assets attempting to attract more offers in the strongest downturn in history. However, market capitalization rose to $ 265 billion on Sunday from $ 249 billion two days earlier.
Only 18 crypto recorded a higher trading volume in the past week. Using bitcoin as the proxy, the average transaction volume decreased by about 1/3 between Tuesday and Sunday. In the past 24 hours, about $ 9 billion of crypto has been traded on the open market.
More than 18% of all transactions have been made through Binance, which has recently announced it will move to the tiny Mediterranean country of Malta.
OKEx has more than 13% of its daily turnover, while Huobi generates nearly 12% of total transactions. According to LiveCoinWatch, Upbit and Bitfinex surpassed the top five on Sunday.
https://ci6.googleusercontent.com/proxy/1NKUYNLhwKsH_eTeDVQ3iAo8zpZYRXtzobckVvl82lZ35mJBGwCA3ejn1IGVLs28KhSt-_Kp_T8YQ_Qfl3z9tVdkvVeWBNmGzO_xe15jTif_2mXn5F4_Uw=s0-d-e1-ft#https://hacked.com/wp-content/uploads/2018/04/volumes-1024x336.pngCrypto's transaction volume surpassed $ 30 billion at the time of the market's upswing. Although overall liquidity remains a part of other well established markets. This general lack of liquidity is largely responsible for the severe price fluctuations associated with the management of the crypto business.
Individual rates keep steady
The crypto assets increased mainly on Sunday, although profit was usually limited to 2-5%. Bitcoin gained 1% to over 7,000 USD.
Ether's value increased 3% on Sunday to $ 400. Meanwhile, XRP rose 2.3% to $ 0.50 and Bitcoin Cash rose 1.6% to $ 655.
Although there are no major catalysts for this modest price recovery, the crypto has rebounded this weekend, especially in recent times. Some people have foreseen this trend but a closer look at the three-month cap chart shows the market rebounding in the trading sessions on Saturday and the main.
https://ci5.googleusercontent.com/proxy/v-8gs-teifnHElaXhfd7OR4iDpC-sXjuJLqMpIzvvwgJIsjElodJGQla1FMVokVNPguD2NWmyeFyL1QhmO9U7UQ_-x23Melymgepiu9Wf6DWRDWnsCPXXuB4lNECU1AL7KiL0Q=s0-d-e1-ft#https://hacked.com/wp-content/uploads/2018/04/crypto-market-cap-4-1024x313.pngThe three-month downturn has elevated bitcoin's position as the world's No. 1 crypto. Although bitcoin has never lost its title, its impact on the overall market has dropped significantly during the bull market.
Although Bitcoin has fallen sharply, it has risen from zero to nearly $ 20,000 in just ten years. Based on past price volatility, Bitcoin is likely to reach a new high in the future rather than fall back to the original price.
That is what crypto businessman David Chapman in Hong Kong recently said. Commenting on the bitcoin deal with the South China Morning Post, the Australian businessman said "no one can stop it."
In an interview with CNN, he said:
"One of the really fascinating things that made me go back to bitcoin the first time I saw it was that it had no central authority. That means no one can stop it. A bank can not stop it. A dictator can not stop it. The person who created it can not stop it. "
INFORMATION : TapChiBitcoin .vn / hacked.com
