Crypto-Correction Relief Rally

The rout across all crypto markets has seen some respite in the past hours as key cryptos have rallied. Fears on scaling, the ethereum network issues and the strength of the bull run of late have seen traders switch crypto for fiat. Bitcoin saw lows of $2350 with ethereum $218 at its nadir. Bitcoin has seen volumes of 163k bitcoin on the USD pair or just shy of $400m - the USD & JPY pairs both dominate with 38% and 31% respectively.

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Ethereum has seen 145k BTC on its BTC ETH pair and the brunt of volume trading - or c.$350 million USD. BTC, USD and KRW pairs make up over 80% of volume with percentages at 27%, 33% and 19%.

State of the Crypto

Bitcoin is down 4% at $2,420.12 with a volume of Ƀ 166,989 - $400m on the USD pairs.
Litecoin is down 8.45% against the dollar for the day at $36.6 and down 4% to Ƀ 0.01514 on volumes of Ƀ 19k.
Ether is down 6.11% against Bitcoin at Ƀ 0.09877 per Ether and down 10.3% against the dollar to $235.30 with average volume Ƀ 146k on the ETH/BTC pair.
Dash is up 2.2% at Ƀ 0.06661 with Ƀ 5.8k volume and down 1.2% against the dollar at $159.81.
Ripple is down 2.3% to Ƀ 0.00009971 with volumes of Ƀ 20.6k and down 6.3% against the dollar at $0.2356.
Zcash is up 7.8% for the day to Ƀ 0.1265 per ZEC and up 3.4% against the dollar to $298 with an average volume of Ƀ 5.7k for the 24 hour period.
Monero is down 10.66% against the dollar at $39.65 and down 6.4% against Bitcoin at Ƀ 0.01698 on volumes of Ƀ 3.5k.
Ether Classic is up 3% to Ƀ 0.007126 with volumes of Ƀ 11.6k and down 6.2% against the dollar at $16.8.
Stratis is down 19% to Ƀ 0.002554 on Ƀ 4.3k volume.
Waves< is down 1% to Ƀ 0.001653 on Ƀ 1.4k volume.

Credits cryptocompare.com