Altcoins Now Own Half of Binance’s Trading Volume: Liquidity Is Rotating Away...
Altcoins have been among the most frustrating trades in crypto for the better part of 3 years. Since the 2022 bear market broke valuations across the sector, selling pressure has remained a persistent ceiling on any recovery attempt — and the altseason that cycle after cycle of traders anticipated has delivered more disappointment than it […]
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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 […]
Binance’s DeFi Composite Index has been hit hard by the abrupt drop of the DeFi sector, down around 60% since early September. Bitcoin (BTC) resurgence is continuing to sap capital from the altcoin markets as other cryptocurrencies are struggling to catch up to BTC.DeFi struggles as Bitcoin shinesThe DeFi Composite Index, first launched by Binance Futures in late August, is seeing its second month of strain, trading down from its all-time highs of close to $1,200 to under $400, a decline of roughly 60%.In fact, most DeFi tokens have erased 70% to 90% of their gains since early September,....
He says that institutional players look for certain volume and market cap levels when considering altcoins. Could institutional investors begin expanding into altcoin purchases? Blockfi’s vice-president for Europe and Asia, David Olsson, mentioned liquidity as a component of consideration.Some digital assets on the market, including newer ones, may see high volumes at times. “The question is, how long can that be sustained,” Olsson explained during a CfC Moritz conference segment on Wednesday, adding:“Chainlink (LINK) is one that has held up decent volume over time, but a lot of them tend....
In October 2023, EUR-denominated weekly spot volume on Binance, a top cryptocurrency exchange, fell to $160 million, an 88% drop from $1.3 billion recorded seven months earlier in March 2023. At this level, EUR trading volume on the besieged exchange is at a three-year low, pointing to how consequential the decision by regulators to crack down on […]
Data shows Bitcoin has lost interest to Ethereum and altcoins recently as their combined futures volume has broken past the 85% mark. Ethereum & Altcoins Have Seen Their Futures Volume Rise Recently In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the futures trading volume share of […]