On the 10th of June 2017, just a few months back, the market capitalization of the whole cryptocurrency space touched the $100 billion mark. For some days now, Bitcoin alone is at the $100 billion capitalizations. A quite remarkable feat of strength!
Since October 11, the price of Bitcoin has surged from $4,800 to $6,199, within ten days.
However, in the last two days, the price of Bitcoin has recorded a slight correction, bringing the price down to the $5,900 levels.
At press time, the Bitcoin price is sitting at $5,913 and has dropped 0.1% in the last 24 hours, with over $525M worth of BTC exchanged on the BTC/USD pair, representing a 21.5% share of daily volume, second only to the JPY at 63.7%.
Ethereum has continuously been falling for the past six days. Currently sitting at $287, the Ethereum price has dropped 2.7% in the last 24 hours, with over $65 M worth of Ethereum exchanged in the past 24 hours on the ETH/USD pair, which has a 33.3% share of daily trading volume.
