Changpend Zhao, the founder and CEO at Binance (the world’s largest cryptocurrency as demonstrated by cryptocurrency market data provider LiveCoinWatch),tweeted yesterday “good to see volumes are returning across the board,” as the cryptocurrency market began to demonstrate a large increase in daily trading volume; with a market gain of $20 Billion over the past 24 hours.
The information available on Zhao’s website signals an increase in demand amongst most major crypto-currencies.
Bitcoin increased by more than 6 percent, while Ethereum, EOS, Litecoin, Ripple, and Bitcoin Cash inflated by around 4 percent in the past 24 hours despite having been relatively low ever since the price of bitcoin dropped to the $7,000 region earlier this month.
Aaron Brown, former Managing Director and Head of Financial Market Research at AQR Capital Management.and author of "The Poker Face of Wall Street” wrote “Both using historical actual price movements or option implied volatilities, volatility seems to be about equal across exercise prices. This suggests Bitcoin price movements are smooth, like a normal distribution, rather than characterized by fat tails, jumps and changes in volatility like most assets. Bitcoin volatility is very high, but the volatility captures all of the risk,”
You can read the full article at https://www.bloomberg.com/view/articles/2018-02-28/bitcoin-cryptocurrency-derivatives-have-slow-uneventful-launch?utm_content=crypto&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social
Storm, an Ethereum-based blockchain platform that incentivizes users for carrying out micro tasks, was the best performing cryptocurrency of the day, as it increased by approximately 170 percent