What happened
The two largest cryptocurrencies by market capitalization, Bitcoin ( BTC -8.13% ) and Ethereum ( ETH -7.55% ), have seen some significant selling pressure today. These two tokens are trading slightly above their daily lows but are down 3.8% and 4.6%, respectively, over the past 24 hours at 12:40 p.m. ET.
Bitcoin’s downside move appears to be related to higher trading volumes, as the active supply of Bitcoin surged to around 565,000 tokens. This increase…
Source link
