Ether held its ground while Bitcoin and Litecoin both took drops. Each of the coins dropped by approx. 10% based on the chart, and this leaves Bitcoin $100 cheaper than it was two days ago. Other altcoins appear to be undergoing somewhat of a sell-off as well, based on market indicators, but one thing is for sure, the market are definitely more active now than a few months ago, and the increased volume is making it harder to predict which coins will rise or fall. In fact, today may be a new high for Bitcoin Volume at over 261,000,000 USD already, or up 30% over yesterday’s volume of 200,000,000. Will it ever hit 1,000,000,000 volume per day?
With the price point around $650, the recent mining profitability seen in the last few days will be absorbed and profits reduced on the pricing side, but the increased volume may compensate for some of that loss, which will be interesting to watch over the coming weeks to see how the markets respond.