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Ether Dethroned Bitcoin In Spot Volume, Reaching An Eight-Year High

From blog.cex.io

While riding a price rollercoaster, Ether quietly dethroned Bitcoin as the most-traded cryptocurrency in the spot market, signaling a decisive transition in trader attention. Ether’s dominance in volume has also been increasing with each consecutive week, widening the difference with Bitcoin and other digital assets. At the time of this writing, Ether’s share of total spot trading volume on major CEXs has been above 32%, its highest level since August 2017. On some platforms, Ether’s dominance has been even more pronounced. At CEX.IO, for example, Ether currently accounts for more than 39% of all trading volume in a ... (full story)

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  • Category: Fundamental Analysis