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The cryptocurrency market continues to be a roller coaster ride, as the price of all currencies is witnessing a huge change within minutes. Last week, the entire market collapsed in a short space of time, with Bitcoin [BTC] and other better cryptocurrencies that dive into two digits. This week began with the market taking the opposite direction as all the currencies recorded a sudden spike, spinning the entire market.
According to CoinMarketCap, at the time of printing, Bitcoin trades at $ 3,706 with a market capitalization of $ 64 billion. The volume of trade in the currency has been recorded and the currency has seen an increase of over 2% in the last hour.
Bitcoin price chart | Source: trading view
The highest trading volume for the currency is represented to be paid by BitMEX, a world-leading criptovalute exchange with BTC / USD trading pairs. The second place is taken by Coinbene with Tether [USDT] pair. The other three major platforms that have contributed to the increase are EXX, OKEx and Bibox.
Moreover, Bitcoin is not the only currency to be increased from the bear market. Ethereum [ETH], the third largest cryptocurrency by market capitalization, has also stepped up and claimed the throne of greatest gain in the last hour. The currency is currently trading at $ 129.39 with a market capitalization of € 13.5 billion. The volume of trade in the currency was $ 2.77 billion and the currency has increased by more than 9% in the last hour.
Ethereum price table | Source: trading view
The highest trading volume for the currency is increasing from OKEx with the ETH / USDT trading pair. The other four main grants are LBank, Bibox, Local Commerce and DOBI Exchange.
Even XRP, the second largest cryptocurrency, is shown in green. The cryptocurrency is trading at 0.33 with a market capitalization of $ 13.74 billion. The volume of trade for the currency is $ 637.63 million and has increased by more than 2% in the last hour.
Shortly after the price made an upward trend, Bakkt, one of the largest financial players in space, announced its first acquisition.
Kelly Loeffer, CEO of Bakkt, said:
"To further this effort, I am pleased to share that we have entered into an agreement to acquire some of the activities of Rosenthal Collins Group (RCG), an independent futures broker with nearly 100 years of customer confidence. , RCG announced the sale of all its customer accounts to Marex Spectron, one of the world's largest commodity brokers.As part of this transaction, our goal was to buy some valuable resources related to the development of our platform. to close the transaction in February and we are excited to welcome the members of the RCG team in Bakkt ".
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