BTC & ETH Week Trading Volume Reach 7 Month Highs

Is cryptocurrency market restoring? Let's try to figure it out
26 December 2018   387

For the week from December 17 to December 23, weekly Bitcoin trading volumes (BTC) were $ 46 billion, while for Ethereum (ETH) the same figure was $ 18.5 billion. Last time at higher levels trading was in May, seven months ago, The Block notes.

At the end of November, the total trading volume of Bitcoin exceeded $ 2 trillion, and by the end of the year this figure is expected to grow to $ 2.2 trillion. The overall growth in the trading volume of the first cryptocurrency was 153% higher than in 2017, when this figure was $ 870 billion.

With a score of more than $ 800 billion, Ethereum (ETH) is the second most traded cryptocurrency, and accounts for about 37% of bitcoin trading. As can be seen in the table below, the levels of BTC and ETH are still significantly correlated.

Weekly Volume ETH and BTC (2018)
Weekly Volume ETH and BTC (2018)

As of 13:00 UTC on Wednesday, December 26, the weighted average rate of Bitcoin was $ 3,812, the trading volume for the last 24 hours was $ 5.451 billion. At the same time, the broadcast cost $ 130.40 with daily volumes of $ 2.976 billion.

Bitfury to Unveil BTC's Lightning Network Tools

An open-sourced LN wallet, software and hardware payment acceptance solutions, etc
23 January 2019   96

Bitfury Group presented a number of tools designed to foster the development of the Lightning Network (LN), CoinDesk reports.

Among them: an open-sourced LN wallet, software and hardware payment acceptance solutions for merchants and payment processing. The company also introduced tools for developers and an open-source LN node called The Peach.

According to Bitfury representatives, all these tools are designed to make working with a second-level network easier and more convenient for companies and ordinary users. New products created by the Lightning Peach team.

By providing these products to the market, Bitfury is encouraging worldwide adoption of this technology and providing unparalleled support to consumers and merchants.

Valery Vavilov

CEO, Bitfury

Among other things, last week Bitfury added support for LN solutions on the BTCBIT cryptocurrency exchange.