For Crypto Exchange July WK3 2017, Bitcoin scaling significantly affected the crypto currencies, but Ethereum and others struggled to fully recover.
Crypto Exchange July WK3 2017 saw most crypto currencies bouncing back from a dismal performance last week. But it should be noted that all top 10 digital coins opened the week with values far lower than they had on Friday. And this can be attributed to the nearing Bitcoin scaling, where SegWit2x was introduced on Monday. Despite the slow start of Crypto Exchange July WK3 2017, the crypto exchange venues recorded an increase for all 10 crypto currencies for our weekly roundups.
Bitcoin (BTC) dropped below the $2,000 mark on Monday, causing panic to some users. But it did not take long for it to recover, trading above $2,300 in the Bitcoin exchange. By Friday, Bitcoin had already regained momentum as it reached the $2,800 level, registering a 43-percent jump from its Monday price.
Litecoin (LTC), Monero (XMR), and Dash (DASH) followed Bitcoin’s footsteps and opened Friday in the green. The same happened to Steem (STEEM), NEM (NEM), and MaidSafeCoin (MAID). All six altcoins maintained a steady upward movement. Unlike these crypto currencies, however, Ethereum (ETH), Ethereum Classic (ETC), and Ripple (XRP) experienced a bumpy ride in Crypto Exchange July WK3 2017.
Several days after trading above $300 in the Ethereum exchange, Ethereum continues to struggle as it dropped to approximately $158 on Monday and recovered by a little come Friday, reaching about $227. Compared to Ethereum, Ripple and Ethereum Classic only had slight fluctuations toward the end of Crypto Exchange July WK3 2017.