Home / Ethereum / Bitcoin [BTC] and Ethereum [ETH] deal with the bear after reaching a 7-month high trading volume

Bitcoin [BTC] and Ethereum [ETH] deal with the bear after reaching a 7-month high trading volume



The cryptocurrency market seems to be suffering again from the bear crisis after a week of bullish gains. The main cryptocurrencies across the spectrum have seen the disc switch between the bear and the bull that coincides with sporadic price changes. Bitcoin [BTC] and Ethereum [ETH], the two compatriots among the three great ones have been witnesses of a silver coating, despite all the probabilities in the period of time known as winter crypto.

Recent analyzes show that both BTC and ETH have both recorded their trading volumes reaching the 7-month highs. In the readings recorded just before Christmas Day, in a period between December 17 and December 23, the volume of trade in Bitcoin reached $ 46 billion, while at the same time the trading volume of Ethereum reached a peak of $ 18.5 billion. Reports also show that the last time the trade volume was higher, it was back in May.

In an overall spectrum, 2018 has provided good numbers for Bitcoin, with total volume exceeding $ 2 trillion up to now. This is an impressive 153% increase over the volume of 2017, calculated at $ 870 billion. Vitalik Buterin, co-founder of Ethereum, was the second largest cryptocurrency after Bitcoin.

Bitcoin has also been in the news recently when Anthony Pompliano, a well-known analyst, went on to say that Bitcoin [BTC] it is an unrelated resource. He has declared:

"Bitcoin is definitely an unrelated asset, if you look at the correlation between digital assets and the S & P500 in the last 108 days, it's zero.If you look at it compared to the dial index, it's zero. it is related and we expect it to continue.

Pompliano also added:

"Bitcoin is definitely an unrelated asset, if you look at the correlation between digital assets and the S & P500 in the last 108 days, it's zero.If you look at it compared to the dial index, it's zero. it is related and we expect it to continue.

The growing popularity of Bitcoin also attracted the attention of VItalik Buterin, who gave his comments on the working trial. The Ethereum official tweeted:

"I do not believe in the trials of the job!"

The statement came in the wake of the clash of Buterin with Giacomo Zucco, director of BHB.Network and a crypto-influencer. Zucco had tweeted:

"The Nocainists believe in nothingness (nihilism) .The multinationals believe in everything (credulity) .The bitcoins believe in something (reason).


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Akash Anand

Engineering graduate, crypto and arsenal fan. He is fascinated by technology and all its wonders. Strictly against the pineapple on the pizza.


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