Daily Cryptocurrency Tracker 4.4.19: Trading volume hits all-time highs

While the positive momentum seen earlier this week was somewhat subdued over the past 24 hours, trading volumes reached never-before-seen levels, reaching $83 billion, smashing the previous record of around $70 billion set in January of last year. Over the past 24 hours, 6 of the top 10 cryptos registered gains. At the time of writing, Bitcoin was up around 2%, holding above the $5,000 mark.

Highly volatile investment product. This is not investment advice. Your capital is at risk.

Bitcoin Cash soars an additional 21%

After showing massive gains of 41% in the previous session, Bitcoin Cash continued to outperform the rest of the market, rising an additional 21% over the past 24 hours. For the first time since November of last year, the crypto crossed the $300 mark. Bitcoin Cash is now up more than 80% for the past week, climbing up the top 10 ranking to become the 4th largest crypto by market cap.

Highly volatile investment product. This is not investment advice. Your capital is at risk.

Report: More than 40 central banks considering blockchain currencies

The World Economic Forum yesterday released a report, outlining the intentions of central banks around the world to utilize blockchain currencies in their operations. According to the report, at least 44 such banks are either looking into, or experimenting with, blockchain currencies. Ashley Lannquist, the report’s primary author, said: “In the next couple years…I would expect a couple central banks to issue a central bank digital currency.”

eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance is not an indication of future results. This is not investment advice. Your capital is at risk

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