Track shifts in trading by currency as regulatory conditions change
By many measures, digital currencies are as strong as ever. Bitcoin prices, up more than 400 percent this year, eclipsed $5,000 on Thursday. While Bitcoin is far and away the largest cryptocurrency, 11 other coins have a market cap in excess of $1 billion, reflecting increasingly diverse trading options. But Bitcoin’s dominance is still felt across the market, as it’s the main currency traded against other cryptocurrencies.
Changing economic and regulatory conditions have led to sudden shifts in trading volume against different currencies, reflecting how volatile these markets can be.