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The third bitcoin "halving" event on Monday has led to volatile trading and a 1.3 percent price drop against the U.S. dollar.
The price crashes that coronavirus wrought on the cryptosphere brought exchanges some of their highest trading volumes ever.
Bitcoin’s trading volume was lower on Monday compared to the latter part of last week but traders appear to be staying.
Bitcoin has long been the marquee name — shorthand, if you will — for the cryptocurrency space. Price swings can tell a lot.
Bigbom (CURRENCY:BBO) traded 1.7% higher against the US dollar during the 1-day period ending at 8:00 AM E.T. on May 18th. Over the last seven days, Bigbom has traded up 0.1% against the US dollar.
After flirting with the 10k level, bitcoin has retraced to find support around $8,700 as the long-awaited halving event.