Trading Volume on South Korean Crypto Exchange Upbit Crashes 75%
Upbit’s 24-hour crypto trading volume stood at $3.79 billion at press time, down 75% from the high of $15 billion on March 5, CoinGecko veri show.
Upbit’s 24-hour crypto trading volume stood at $3.79 billion at press time, down 75% from the high of $15 billion on March 5, CoinGecko veri show.
The market might take a breather this weekend, says Singapore’s QCP Capital.
Some professional traders have termed SLERF a “blue-chip meme” – a nod to blue-chip stocks – for reasons ranging from its fair distribution among holders to perceived future demand.
The action may foreshadow regulatory restrictions in the region for the largest stablecoin by market capitalization and trading volume, as upcoming E.U. rules will require stablecoin issuer to be licensed electronic money institutions.
Crypto volumes grew 10% month-on-month to $6.5 billion, the company said.
The latest price moves in crypto markets in context for March 5, 2024.
Deutsche Boerse will operate the trading venue, and Crypto Finance will provide settlement and custody services.
Spot bitcoin ETFs had their best day since their debut on Monday, recording $2.4 billion in daily trading volume coupled with strong inflows.
‘The most important stock on Earth’ could disappoint on a weak PC market and AI saturation, with Wall Street wanting more from the GPU giant, pulling down crypto and equities, QCP Capital said.
Massive inflows into spot bitcoin ETFs made headlines recently, but other metrics showcase U.S. investors’ appetite for the asset.