While Bitcoin goes through correction, another digital currency shoots up 50% this Monday

In a slump session for Bitcoin, which undergoes a correction after last week's strong rally, peaking at $ 4,800, another cryptomoeda is catching on. The world's largest digital currency falls by about 2 percent to close at $ 4,100.

The monero, created in 2014 designed to be completely private and untraceable, shoots up 50% on Monday (21) and peaks at $ 82.35, hitting $ 95.00 a day high Of 80% - which is also its greatest value in history.

Although it is difficult to give a direct explanation for the movements of digital coins, this time there is a good justification. The news broke that the South Korean exchange Bithumb will begin trading in monero soon. This "stock exchange" had a great deal of negotiations with newly created Bitcoin Cash and helped in its recent surge.

Trading with monero is scheduled to begin on August 27, according to a Bithumb announcement. Data from the CoinMarketCap indicate that the largest volumes occurred through the Poloniex bag in this session, with about 41% of the total traded.