30 May '17, 5pm

Ethereum Has Higher Trade Volumes Than Bitcoin As Fortunes Reverse

24-hour Ethereum (ETH) trading volumes have passed Bitcoin’s according to data from CoinMarketCap on Tuesday. The period to press time at 17:00 BST showed ETH had turned $1.293 bln in volume compared to Bitcoin’s $1.271 bln. The move, which may well be unprecedented in the history of ETH, accompanied a livelier price uptick compared to BTC, which increased just 1.65 percent since Monday versus the top altcoin’s 11.3 percent rise. ETH is now back above $200 per token since Thursday last week, when a slip became a plunge in line with Bitcoin to see it bottom out at just $120. The fortunes of the majority of top altcoins reversed over the weekend as Bitcoin’s own price improved, taking back some of the ground lost in what to investors looked like the long-awaited popping of the bubble which had accelerated through last week. Bitcoin reached almost $3,000 per coin, while ETH k...

Full article: https://cointelegraph.com/news/ethereum-has-higher-trade-...

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@BTCTN

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Ethereum

Ethereum

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