Global: Ethereum Rises 5% as Crypto Market Gains $11 Billion Despite Low Volumes


The valuation of the crypto market increased by around $11 billion over the past 24 hours, triggered by the short-term momentum of bitcoin, Ethereum, and Bitcoin Cash. On  yesterday’s report, CCN noted that a downtrend in the short-term is expected due the relatively low volume of digital assets including bitcoin, Ethereum, and Bitcoin Cash. Currently, as of July 8, the daily volume of Tether (USDT), a stablecoin whose value is hedged to that of the US dollar, is nearly two times larger than the volume of Ethereum.

image via Shutterstock

Read More

Follow us on: