After yesterday’s crash, the crypto markets showed signs of recovery today, as many major currencies showed moderate gains of around 2% over the past 24 hours. Out of the top 10 currencies, Ethereum Classic registered the most gains, climbing nearly 13.5%.
Ethereum trading volume passes Bitcoin
After reaching as low as $175 yesterday, Ethereum climbed back this morning, nearing the $200 mark. The Ethereum market was very active yesterday, leading all currencies in the trading volume category, with more than $1.3 billion in Ether changing hands.
Bitcoin continues bearish trend
After falling below the $2,500 mark yesterday, Bitcoin continued to tumble, falling below $2,300 before recovering slightly. At the same time, there was more bad news for the Bitcoin community yesterday, as a test run of the proposed SegWit2x scaling solution created a hard fork on the test blockchain. The test raised concerns that a hard fork might also be created if the solution is deployed on the real Bitcoin network.
eToro launches Crypto CopyFund
As cryptocurrencies continue to gain popularity, eToro now enables its clients to thematically invest in the crypto market by using its innovative CopyFund technology. Crypto CopyFund will allow anyone to invest in a fully managed portfolio of six leading cryptocurrencies, bundled together into a single CopyFund. The Crypto CopyFund, created and managed by eToro’s Investment Committee, is a first of a kind financial instrument, bypassing all of the technical difficulties involved in buying and selling cryptocurrencies. Now, people all over the world could easily invest in the crypto market using eToro’s innovative and regulated investment platform.
This article was first posted on Etoro.com/blog, a Premium Trading Partner.
Last modified: July 13, 2020 3:12 AM UTC