The latest Bitcoin news show that another relatively boring trading day was on its way in the cryptosphere, where Bitcoin remained sluggish in its attempts to achieve new highs. The most dominant cryptocurrency (BTC) along with the top 5 coins did not undergo a massive change from their prices yesterday.
According to some research, BitMEX conducted a plurality of the day’s trading on Bitcoin and had around 12% of the total volume. The performance of the OG crypto there did not bode well for the rest of the market and Bitcoin made sure to hold on to the $3,600 margin.
Bitcoin Cash erased a minor amount of its gains from yesterday and clocked in at around $130, registering a loss of couple of percent in the past few days. Ethereum, on the other hand, has yet to re-cross its important $120 market since yesterday and is right now between $117 and $118.
One of the altcoins that was in the spotlight is the ‘Ethereum alternative’ Aelf which allows for creation of private blockchains. Aelf rose by 9% and saw the most gains out of all cryptos and with that gained the interest of some smart contract optimists.
Dash recovered from the intraday dropped. After reaching as low as $70, the altcoin began surging and came back to its old price. However, despite the many efforts to increase adoption of its Bitcoin-alternative in regions such as South America, the cryptocurrency looks like it is still in a free-wheeling state and discovery phase.
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