14 Nov '17, 4am

Cryptocurrency trading volumes reached a record over the weekend that beats some US stock exchanges

Cryptocurrency trading volumes reached a record over the weekend that beats some US stock exchanges

A trader works on the floor of the New York Stock Exchange January 6, 2014. REUTERS/Brendan McDermid Bitcoin , the red-hot digital currency known for its volatile price, was on a wild ride this weekend. Bitcoin crashed more than 25% from its all-time high of $7,721 set Wednesday to a low of $5,617 per coin on Sunday, according to data from cryptocurrency watcher CoinDesk. Bitcoin cash, on the other hand, propelled to a record-high of $2,500 early Sunday morning. Trading volumes on Sunday peaked at over $26 billion, according to cryptocurrency data site CoinMarketCap.com . That's higher than the 5-day average trading volume for some US equity exchanges. Bitcoin, the red-hot digital currency, had a wild weekend and that appears to have translated into record-breaking trading volumes across the cryptocurrency market. Bitcoin crashed more than 25% from Wednesday's all-time hig...

Full article: http://www.businessinsider.de/bitcoin-price-swings-transl...

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