• Bitcoin trades at USD 7,400, after surviving a drop to almost test USD 7,000 support levels
• Bittrex moves almost USD 9 billion in Bitcoin in under an hour for a new network record
• The crypto lending industry is estimated to be worth USD 4.7 billion

After yesterday’s surprise launch into the monthly high, Bitcoin price once more descended down the channel, possibly due to some intense profit taking, to record a low of USD 7,089 (CoinDesk). However, the recovery has been ongoing as well and the price range has veered clear of the USD 7,000 support level, trading now at USD 7,400 at 8:15 pm London time.

$8.9 billion in #Bitcoin were moved on–chain in a single hour this afternoon.

It's the highest hourly USD transaction volume in Bitcoin's history