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Yesterday's bear market seems to have taken a roundabout with most of the popular cryptocurrencies basking in the shadow of the bull. Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] everything has seen constant increases after a week of falling prices.
At the time of writing, Bitcoin [BTC] it was rising to a substantial 0.74% with a total market capitalization of 114.502 billion dollars. The cryptocurrency was trading at $ 6615.86 with a 24-hour market volume of $ 3.499 billion. Most of Bitcoin's trading volume came from BitMEX with a total majority of 18.24%. The volume amounted to incredible $ 964,066 million, which was miles away from its nearest competitor, EXX, which had a total Bitcoin volume of $ 332.818 million.
The 24-hour chart of Bitcoin | Source: CoinMarketCap
BitMEX was also in the news recently when BitMEX Research published a report focused on tracking the Ethereum [ETH] balances of ICO projects over time. The research implied that ICOs already sold almost as much as they initially collected in USD.
The undisputed position of Bitcoin at the top of the cryptocurrency charts was questioned by Craig Wright when he stated that cryptocurrency is a speculative gambling resource. He based his arguments on the reasoning that the Bitcoin regulations imposed some market entry barriers because it made capital-intensive assets.
Tron [TRX]at the time of the press, the highest growth was among the top 15 cryptocurrencies, rising to 2.78% with a total market capitalization of $ 1.529 billion. The cryptocurrency was trading at $ 0.023 with a 24-hour market volume of $ 136.376 million. Rfinex held most of the Tron business with a total volume of $ 16.415 million.
The 24 hour chart of Tron | Source: CoinMarketCap
Binance closely followed the second place with a trading volume of $ 16.355 million. Tron's expansion plans have created ripples in the cryptosphere with Justin Sun, the founder of Tron announcing that Bitfinex will support the three pairs of TRXs with Euro [EUR], JPY [JPY] and English pound [GBP]. The addition of TRX / fiat pairs is seen as the fiat expansion plan within the Tron community. In his official tweet, Justin Sun said:
"Crypto exchange @bitfinex adds #JPY, #GBP and #EUR trading pairs to #TRON. #TRX $ TRX"
