Bitcoin Struggles To Regain $10,000 Mark – Ethereum Drops Heavily From High Of $522
The past 24 hours have seen wild and unpredictable fluctuations in the crypto currency markets with the major two players, Bitcoin and Ethereum losing almost all the gains they posted earlier in the week although they are still slightly up on their starting prices on Monday. Bitcoin is fighting to regain $10,000 whilst its counterpart Bitcoin Cash has seen steep and heavy losses in the past 24 hours. Other crypto currencies such as Ethereum Classic and Ripple have also seen their price crashing down. The only currency which has seen spectacular gains is Dash which has risen to the mid $750 mark at one point. The bitcoin price has been on a mid-week rollercoaster, and that volatility has rippled throughout the markets. Trading volume has surged to record levels and coins across the spectrum have taken steep dives from their all-time highs - although most weekly charts remain in positive territory. At one point, combined daily volume reached $25 billion - a new all-time high - and 24-hour volume remained above the $20 billion mark throughout a day of manic trading. Within the past 24 hours alone, the total cryptocurrency market cap has fluctuated between a high of $345.8 billion and a low of $289 billion. That's a spread of nearly $57 billion - and it occurred within a seven-hour period. To provide some context, the crypto market cap did not even reach a total valuation of $57 billion until May 16. At the time of writing, the crypto market cap was valued at $298.6 billion, representing a single-day decline of almost $35 billion.