The cryptocurrency marketplace seems to have changed their behavior with the recent steady hike on major coins like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] after a week-long price drop.
To be more precise Bitcoin (BTC) rose up to a consistent 0.74% along with a total market cap of $113.959 billion. And it’s currently trading at $6,583.15 with a market volume of $1,014,020,000. Although it was noticed that the maximum value was coming from BitMEX with a total majority of 18.24%. And its amounted at an overwhelming price of $964.066 million way ahead from its closest competitor, EXX, which had a total Bitcoin volume of $332.818 million.
The exchange was also under the spotlight of some news due to the fact that it released a report which focused on tracking Ethereum [ETH] balances of the ICO projects over time. It shows that the ICOs have already sold almost as much as they raised initially in USD.
The cryptocurrency is a speculated gambling asset, according to Crag Wright who apparently questioned about the Bitcoin’s undisputed position at the top of the cryptocurrency charts. Apart from that he also proceeded his argument with on the reasoning that Bitcoin regulations that are imposed on certain barriers to the entry into markets made business more capital intensive.
On the other hand, Tron (TRX) gets an overwhelming growth response 2.78% within the top 15 cryptocurrencies and a total market cap of $1,745,050,738.
And with the support of three pairs of TRX with Euro [EUR], Japanese yen [JPY] and Pound sterling [GBP], Tron’s expansion plans have been creating ripples in the cryosphere, according to Justin Sun, the Founder of Tron. The addition of TRX/fiat pairs is being seen as the fiat expansion plan within the Tron community.
And on that note Justin Sun stated:
“CRYPTO EXCHANGE @BITFINEX ADDS #JPY, #GBP AND #EUR TRADING PAIRS TO #TRON. #TRX $TRX”
- Bitcoin Cash(BCH)$293.42