May 30, 2017

Ethereum’s Trading Volumes Surpass Bitcoin’s For the First Time

Posted by in categories: bitcoin, cryptocurrencies

For the first time ever since bitcoin’s invention, a new digital currency has reached higher trading volumes, Ethereum. The currency is now trading $11 million more than bitcoin.

Ethereum has further risen above 50% of bitcoin’s market cap, reaching a high of 54%, less than two years since its invention in 2015, in a remarkable rise that has never been seen before in this space and even beyond consdering the timeframe.

The currency has now taken almost 25% market share of all digital currencies, while bitcoin has fallen to around 45% from a near dominance of 95% just months ago when it was the center of the entire ecosystem.

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