Crypto CEX Activity Cools: Volume Down 48% From Bitcoin ATH
On-chain data shows crypto trading volume on centralized exchanges has fallen to $4.3 trillion, a decline of nearly 50% from the October Bitcoin peak. Crypto Exchange Volume Has Witnessed A Significant Drop According to data from on-chain analytics firm CryptoQuant, the crypto trading volume of the centralized exchanges has been cooling down. The “trading volume” […]
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As the Monday market section nears completion, Bitcoin saw a brief rebound, allowing the crypto king to retest the $71,000 price level once again. BTC’s price may have slightly bounced back up to pivotal levels, but trading activity on cryptocurrency exchanges appears to have significantly cooled down, suggesting underlying weakness in market participation. Binance Sees […]
Ethereum is currently trading at a critical price level after several days of tight consolidation. Just two weeks ago, ETH reached a new all-time high, marking a local top that could signal a pause in its strong rally. Since then, price action has narrowed into a range, reflecting both profit-taking and caution from traders. Still, the underlying fundamentals remain supportive of Ethereum’s long-term outlook. Related Reading: Old Bitcoin Supply Unlocks: 7,626 BTC Aged 3–5 Years Moves Onchain Whale accumulation continues to play a vital role, as large investors steadily add ETH to their....
Crypto analyst Cyril has predicted that altcoin season could be on the horizon as Bitcoin dominance cools off. Crypto analyst Mark also flagged that the business cycle remains in an expansion stage, which could be bullish for altcoins. Altcoin Season On The Cards If Bitcoin Dominance Cools Off In an X post, Cyril noted that […]
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 […]
Binance has reported a new record of more than $80 billion in daily volume across its spot and derivatives platforms. Changpeng Zhao, the chief executive of Binance, the world’s largest crypto exchange by trade volume, reported a record of $80 billion in 24-hour trade activity on Jan. 4.On Twitter, CZ compared the recent activity to the volume posted during the last record-breaking bull cycle, noting that the past day of trade equates to four-time the volume processed on the exchange from Nov. 15, 2017 to Dec. 15, 2017.To put this in perspective, from Nov 15, 2017 to Dec 15, 2017, the....