On Friday, August 28, bitcoin continues climbing up. At press time, the largest crypto by market capitalization is trading at $11,434 (+0.36%).
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum is also growing up to the $391.23 mark (+1.78%). XRP is trading at $0.266 (-2.93%).
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FxPro's team of analysts say:
"It is likely that the third halving is a good reason for the whales not to get rid of the asset even at the current elevated price levels (+ 57% since the beginning of 2020). The total capitalization of the crypto market is far from the levels that we saw at the end of 2017 and the beginning of 2018, nevertheless, that jump had all the signs of a bubble, while now capitalization is growing already on the basis of the formed infrastructure."
The total cryptocurrency market capitalization is $356,569 billion, according to CoinMarketCap.
iHodl previously reported that almost 80% of transfer volume on the Venezuelan Criptolago exchange is performed by individuals connected to the Maduro regime seeking to launder funds or move them out of Venezuela.
Venezuela is known as one of the most active countries in terms of p2p crypto volume. Currently, Venezuela ranks third place in p2p trading volume in USD, after the US and Russia.
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