An hour of high volume trading on Tuesday led to a drop in bitcoin trading (BTC), which brought in almost half of the gains from the previous day.
At around 3 p.m. ET (3:00 p.m. UTC), the volume of exchanges on cryptocurrency exchanges increased as bitcoin prices went from $ 8,674 to $ 8,898, almost one percentage point, in one hour . Coinbase, for example, saw the volume go from 437 trades to 1,699 trades from 2 p.m. to 3 p.m. UTC. Bitcoin tends to fall overall, dropping from a high of $ 8,974 over 24 hours and currently in the red at 1.92%.
This comes after bitcoin prices rose 4.5% on Monday. The Standard & Poors 500 also posted positive gains on Monday, up 4.6%. Since the beginning of the year, bitcoin has increased by 21% while the S&P has decreased by 5.5%.
Tuesday at 8:00 p.m. UTC, other notable price movements for cryptocurrencies include Neo (NEO) down 5%, Ether (ETH) in the red 3% and XRP (XRP), down 2%. However, Dogecoin (DOGE) is out of the niche, gaining 1% in the past 24 hours.
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