As of July 15, the two largest cryptocurrencies in terms of capitalization, Bitcoin and Ethereum, decreased in price by 9.40% and 17.33%, respectively. The global price correction began on Saturday, July 13th, and is supported by high asset volatilityVolatility
– is a financial term that means a statistical indicator of price change. In the cryptocurrency world, it is used by traders as an indicator for managing financial risks. That is, it is a measure of trade risk and as a financial analytical tool for gambling. Details.
Bitcoin and Ethereum: the collapse of the course
According to statistics, today Bitcoin and Ethereum decreased in price. The first cryptocurrency, Bitcoin, also called digital gold, fell by almost 10%. At the same time, the level of asset capitalization also dropped to $ 181.5 billion. It is assumed that the rate falls due to a decrease in daily tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details volume, which is currently down to a minimum of $ 20 billion.
Regarding the second cryptocurrency in terms of capitalization, Ethereum, the coin rolled back to a value of $ 220. Although shortly before that, it had risen to an annual maximum above $ 300. At the time of this writing, the negative movement of Ethereum was 17.33%. The total market capitalization of the coin is equal to 23.6 billion US dollars, and the average daily trading volume was about 10.7 billion US dollars.
Bitcoin dropped below $ 10,200, and Ethereum fell to $220. Recall that even with such a tight correction in the crypto-market, the coefficient of dominance of the first cryptocurrency, Bitcoin, does not cease to grow.
Editor: Jerg Wos