Despite the strong volume of the crypto market, major digital assets including Bitcoin, Ripple, Bitcoin Cash,Ethereum, and EOS recorded large losses against the US dollar.
While Bitcoin demonstrated a slight 1 percent decline in value, Ripple, Bitcoin Cash and EOS, the third, fourth, and fifth largest cryptocurrencies in the global market by valuation, lost six percent of their value against the US dollar on July 7.
STRONG VOLUME
The Volume of bitcoin and ether, the native cryptocurrency of the Ethereum protocol, has increased to $4.9 billion and S1.8 billion respectively, from S3 billion and $1 billion last week.