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Bullish For Bitcoin, Why The Trading Volume Kept Soaring Over The Last 7 Days

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Bitcoin is showing no weakness, and the bullish trend seems poised for an extension over the coming days. According to a report from Arcane Research, the cryptocurrency continues to lead the crypto rally as institutions return to the nascent sector, injecting more strength into the price action.

As of this writing, Bitcoin trades at $ 22,900 with sideways movement in the last 24 hours. Over the previous week, the BTC price records an 8%. Other cryptocurrencies in the top 10 by market cap are recording profits, moving with the benchmark crypto.

Bitcoin BTC BTCUSDT Chart 1  Read more...

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Shiba Inu Unveils New Partnership, SHIB Trade Volume Spikes

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For a while now, Shiba Inu has been revealing some interesting partnerships. A couple of days ago, the official Twitter page of the meme coin teased a new partnership with luxury car manufacturer Bugatti when it tagged it in a post. However, it is no longer just speculation as Shiba Inu has confirmed the partnership.

Shiba Inu Unveils Bugatti Partnership

Shiba Inu revealed on Twitter that it had partnered with the Bugatti Group, the makers of the popular Bugatti automobiles. The partnership was for the upcoming NFT collection for the meme coin which will see the Bugatti Group host special events for Shiba Inu. The events include a Twitter Space and a mint party for the Shiboshi mint.  Read more...

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Bitcoin Spot Volume Slightly Up After Rally, But Still Very Below H2 2022 Levels

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Data shows the Bitcoin spot trading volume has slightly gone up after the rally but is still significantly lower than the average for the 2nd half of 2022.

Bitcoin Spot Trading Volume Has Gone Up A Bit This Week

As per the latest weekly report from Arcane Research, there has been low speculative activity in the BTC market recently. The “trading volume” is an indicator that measures the total amount of Bitcoin being transacted on the Bitwise 10 exchanges on any given day.  Read more...

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Cardano NFT Volume Hits New ATH Rising Over 300%

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Data shows the total volume of the Cardano-based NFTs has reached a new all-time high after surging up more than 300% in the last ten days.

Cardano Daily NFT Volume Sets New ATH At 4 Million ADA

Ater having remained low for the last few months, the 24 hour volumes on the ADA non-fungible token marketplaces have observed a significant uplift during the past month.

The “trading volume” is a metric that measures the total amount of NFTs being traded in marketplaces on any given day.  Read more...

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Uniswap Labs Raises $165 Million, Exceeds $1.2 T In Trading Volume

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The company behind the development of the Ethereum-based decentralized exchange, Uniswap Labs, recently announced the successful completion of a Series B. The funding round managed to raise $ 165 million to expand the adoption of the protocol and “bring Web3 to everyone”.

The popular decentralized exchange (DEX), Uniswap, is one of the most important platforms in the Ethereum ecosystem. In 2020, when the total value locked (TVL) of the largest DeFi protocols was barely above $ 10 billion, the protocol airdropped its native token UNI and fueled a craze dubbed “DeFi Summer”.  Read more...

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OpenSea Daily Volume Hits 15-Month Low

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NFT bear market, confirmed. At least according to the latest OpenSea daily volumes, which hit a 15-month low on yesterday’s trading volume. Let’s evaluate where things stand in this bear market, and what lies ahead for NFTs as we close out the year.

OpenSea’s Recent Headwinds

Sundays can be notoriously slow in crypto (for a number of reasons) and last weekend was no exception for NFTs. On October 9, OpenSea recorded $ 8.4M in daily volume – still a respectable amount of trading, but a number that nonetheless marked a 15-month low. ‘Glass half full’ NFT optimists will tell you that more NFT fragmentation exists across marketplaces now than a year ago, with the emergence of X2Y2 and LooksRare, and even Solana-focused MagicEden, Avalanche’s Joepegs, and more.  Read more...

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Bitcoin Volume Spikes With Market Uncertainty In The UK

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Is bitcoin diverging from traditional markets? Are people starting to wake up to the fact that the fiat system will not save them in times of crisis?

The below is a direct excerpt of Marty’s Bent Issue #1269: “Interesting reaction out of the U.K.” Sign up for the newsletter here.  Read more...

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Bitcoin Trading Volume Excluding Binance Remains At Yearly Lows

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Data shows the Bitcoin trading volume on exchanges other than Binance has recently been near the yearly lows reached in April.

Bitcoin Spot Trading Volume Is Much Lesser When Excluding Binance

According to the latest weekly report from Arcane Research, while the daily total spot volume averaged to $ 8 billion during the last week, this value is inflated because of Binance.

The “daily trading volume” is an indicator that measures the total amount of Bitcoin that was transacted on the spot markets on any given day.  Read more...

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Bitcoin Trading Volume Remains Close To 1-Year Highs

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Data shows the Bitcoin trading volume has remained near one-year highs recently as activity on Binance stays elevated following the fee removal.

Bitcoin 7-Day Average Trading Volume Has Kept At High Values In Recent Weeks

As per the latest weekly report from Arcane Research, around 80% of the latest activity on the BTC network is driven by the crypto exchange Binance.

The “trading volume” is an indicator that measures the total amount of Bitcoin moved on the blockchain on any given day.  Read more...

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Faced With The Scourge Of Hacks, NFT Trading Volume Slump To 12-Month Lows

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There was a huge surge in interest in NFTs throughout the summer of 2021. After a year, the NFT market’s trading volume has plummeted.

Due to the lowest trading volumes in a year and the growing epidemic of NFT hacks, interest in NFTs has decreased along with the overall cryptocurrency market.

NFT Suffers Setback

The non-fungible token market is finding it difficult to sustain the exponential growth it saw during the 2021 bull market. Trading volumes have dropped precipitously recently and are already at their lowest levels since July 2021, according to data from prominent NFT trading sites like OpenSea.  Read more...

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Bear Market Drives Global Crypto Jacking Volume, SonicWall Report Finds

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Per a report from security firm SonicWall, Crypto jacking has been soaring in 2022. This trend has been unaffected and probably has been boosted by the bearish price action recorded across the digital asset industry.

Related Reading | Binance CEO Sues Bloomberg Subsidiary For Publishing Defamatory Article

According to the definition of Crypto-Jacking by cyber security oriented website Cyberpunk:

(This) is an unauthorized use of someone else’s computer, tables, mobile phone or connected devices to mine cryptocurrency. Simple as that.

The report claims that global cryptojacking volumes increased by 66.7 million hits in the first half of 2022. This represents a 30% increase when compared to its 2021 levels over the same period.  Read more...

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Bitcoin Volume Saw False Spike Due To Binance’s Fee Removal

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Data shows the Bitcoin trading volume spiked up last week as a result of Binance removing fee on its platform.

Bitcoin Trading Volume On Binance Alone Registered $ 11 Billion On 8th July

As per the latest weekly report from Arcane Research, the BTC volume on Binance accounted for 84% of the market’s total on its own.

The “daily trading volume” is an indicator that measures the total amount of Bitcoin that changed hands on the entire network (or any particular exchange) in a day.  Read more...

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Crypto Volume On Indian Exchanges Drops By More Than 70% After 1% TDS Rule

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Trading volume on crypto exchanges in India has taken a large hit of more than 70% since the start of the 1% TDS rule.

Crypto Trading Volumes On WazirX, ZebPay, And CoinDCX Decline 70% Or More

As reported by The Economic Times, following the start of the 1% TDS rule, exchange trading volumes in India have plunged down.

TDS here stands for “tax deducted at source.” The 1% TDS rule that went live on the 1st of July requires the sender of any type of crypto transaction in India, to pay 1% of the total amount as tax.  Read more...

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‘Insane’ Bitcoin Momentum Goes Overdrive as ‘Real Volume’ Hits $1.5 Billion

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By CCN Markets: Bitcoin price has increased by 16 percent in the past week against the U.S. dollar following its initial breakout of the $ 10,000 mark on June 21. Luke Martin, a crypto trader, has said that the momentum of the dominant crypto asset is “insane,” indicating that minor corrections are being absorbed by the market at a fast pace and that the short term trend of the asset remains strong. How far can bitcoin go? Earlier this month, the “real 10” volume of bitcoin which refers to the daily spot volume of exchanges with more than $ 1 million in  Read more...

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CME’s Bitcoin Futures Break Records With $1 Billion in Notional Volume

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CME Group's Bitcoin Futures Breaks Records With $ 1 Billion in Notional Volume

The world’s largest options and futures exchange, Chicago Mercantile Exchange & Chicago Board of Trade (CME Group) and its bitcoin futures contracts saw an all-time high on May 13. According to CME’s records, the exchange recorded 33,700 contracts on Monday which represented a notional value of around 168,000 BTC ($ 1.35 billion).

Also Read: Our Value of Money Is Subjective But That Doesn’t Make It Meaningless  Read more...

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BitMEX 24-Hour Trading Volume Tops $10 Billion for the First Time

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BitMEX, a cryptocurrency trading platform that offers up to 100x leverage, reportedly set a new record for 24-hour trading volume on Saturday — surpassing $ 10 billion for the first time. New record for BitMEX trading volume. Praise be to volatility and our wonderful traders! pic.twitter.com/iLMGdpz65n — Arthur Hayes (@CryptoHayes) May 12, 2019 According to a […]
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Ethereum (ETH) Surges as Futures Seem Inevitable, Dapp Volume Hits ATH High in April

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Ethereum (ETH) moved higher in definitive fashion Monday after news broke that the CFTC is willing to approve ether futures if the proposed contracts meet all the requirements. The largest altcoin started Monday morning around $ 160 and steadily rose throughout the day to just under $ 180. After a slight pullback, ether is currently trading for […]
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Crypto Markets and CME Futures Post Record Trade Volume

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Volume has been ramping up across the cryptocurrency markets, with April seeing a new all-time high posted for daily global cryptocurrency volume. The month has also seen Chicago Mercantile Exchange (CME) report record trade volume for its BTC futures contracts, in addition to Cumberland’s trade desk reporting an influx of 1,000 BTC buy orders, signaling strength across numerous facets of the virtual currency ecosystem.

Also Read: How 5 Asian Countries Regulate Cryptocurrency  Read more...

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CoinMarketCap Responds to Bitwise’s Fake Trading Volume Report

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Last week, Bitwise released a research report that revealed just how illusory trading volume numbers are among crypto exchanges outside the United States. The study, which accompanied Bitwise’s recent Bitcoin (BTC) ETF filing with the SEC, found that around 95% of the Bitcoin trading volume for the top-81 exchanges on CoinMarketCap, the largest cryptocurrency market […]
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