Bitcoin Watch: Major cryptos mildly increase following heavy losses in past weeks

Bitcoin sits at around USD6360 at reporting time, a 3% increase in the last 24 hours – however, USD43 billion has been wiped out of the crypto market in the last five days.

Not all is bad in the crypto world. Despite Bitcoin seeing a rather harsh bear market recently, there is still a high volume of trading for the currency. BitMEX, a relatively new exchange, exceeded a one million Bitcoin record for trading volumes in a 24 hour period.

BitMEX cofounder and CEO Arthur Hayes said: “Once again meeting our own record of 1 million Bitcoin traded within 24 hours is a major milestone for the crypto-coin market and testament to the strong community BitMEX is growing. In continuously engaging with, and truly listening to, the needs of our customers, we’ve recognized an overwhelming demand for innovative financial products that give the crypto market greater versatility”.

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