Most readers have probably heard of Bitcoin, the digital coin that dominates the cryptocurrency market. It has gained notice both because of its skyrocketing value (from less than a cent in early 2010 to around $2,600 currently) and because it is frequently a key player in hacking- and Overall, the market is showing some signs of mid-term recovery but the demand for cryptocurrencies and daily trading volumes of the market are not supporting the movement. For strong momentum to build up, daily trading volumes of major cryptocurrencies across large-scale cryptocurrency exchanges must remain relatively high.
black-market-related stories, from the looting of nearly half a billion dollars in coins from the Mt. Gox exchange in 2014 to the recent demand for payment in Bitcoin in the WannaCry ransomware attack. (For the uninitiated, here is a useful primer on Bitcoin.