August’s Bitcoin Rally Led to Record Crypto Derivatives Volumes: Report
CryptoCompare's latest report shows crypto derivative volumes were up 54% in August – likely a result of the rally in bitcoin's price. Source
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Volumes
Tether (USDT) Daily Transaction Volumes Could Soon Exceed Bitcoin’s
Data shows the daily volumes for Tether – a controversial stablecoin pegged 1:1 with the U.S. dollar – could soon exceed those of Bitcoin’s. Tether to Soon Eclipse Bitcoin What was to be a mere stablecoin turned out to challenge Bitcoin, at least as a transactional tool. Tether (USDT), one of the
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Market Wrap: Bitcoin Jumps Past $9,400 Despite Weak July Volumes
Weaker bitcoin trading volumes aren’t stopping its price from going up. “Bitcoin became oversold from a short-term perspective last week for the first time since mid-March,” said Katie Stockton, an analyst at Fairlead Strategies. “This seems to be giving way to an uptick in short-term momentum, which has been weak since
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Crypto Exchanges See Big Drop in Volumes as Bitcoin Volatility Approaches 2020 Low
Crypto exchange volumes could continue falling should volatility remain at these low levels, said CryptoCompare CEO Charles Hayter. Source
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Blockchain Travel Platform Lost 90% of Booking Volumes Due to COVID-19
The global travel industry ground to a standstill after governments worldwide announced strict lockdowns to prevent the spread of COVID-19. At the Unitize virtual blockchain conference on July 6, Juan Otero, the co-founder and CEO of the Binance-backed online crypto travel agency Travala, said that the platform experienced a steep drop
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Market Wrap: Bitcoin Spot Volumes Are Weak While Options and DeFi Strengthen
Bitcoin spot volume may have been low this week, but the real action in crypto has been in the options market and decentralized finance. Bitcoin (BTC) was trading around $9,274 as of 20:00 UTC (4 p.m. ET), slipping 1% over the previous 24 hours. At 00:00 UTC on Friday (8:00 p.m. Thursday
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Trading Volumes Can Move Over — The Hottest Metric Is Now Liquidity
Last year, when Bitwise Asset Management sent in its analysis report to the United States Securities and Exchange Commission, it stated that 95% of volume on unregulated exchanges appeared to be fake. This sent shock waves through the cryptocurrency industry. Although, within more professional circles, it was not entirely a
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Trade Volumes on OKEx Grows Over 25% in May 2020
OKEx, the global cryptocurrency derivatives, and spot trading platform is inches away from occupying a top spot in the crypto industry. It has been maintaining a close second position in terms of trading volumes for three straight months.The latest CryptoCompare Exchange Review states that the crypto derivatives volumes during the
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Despite Russia’s Confusing Crypto Laws, P2P Bitcoin Trade Volumes Soar
[sociallocker id="55298"] Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On Digital Financial Assets,” and lawmakers are looking
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Rising Bitcoin Search Volumes Point to 2019-Like Price Rally
Searches for the keyword ‘Bitcoin’ is trending higher on Google since late-March.The surge in internet volumes is similar to what they were before the 2019 price rally.Interest in the cryptocurrency is booming as searches for the keyword “buy bitcoin” hit a perfect 100 score.A Google Trends search is no moving
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