Crypto Trading Volume Plunges 43% Even as Bitcoin, Ethereum Prices Soar
Despite Bitcoin prices rising 7% in Q2, crypto trading volumes still contracted 43% for the quarter according to CoinGecko data.
Despite Bitcoin prices rising 7% in Q2, crypto trading volumes still contracted 43% for the quarter according to CoinGecko data.
Democratic presidential candidate Robert F. Kennedy Jr. discussed his Bitcoin-related policies, such as backing the U.S. dollar with Bitcoin and exempting Bitcoin income from capital gains taxes, during a speech at a Heal-the-Divide PAC event.
After falling to its lowest price since June, bitcoin recovered back above $30K but continues trading sideways around that level as the market awaits a potential SEC decision on a Spot Bitcoin ETF approval.
Binance has integrated the Lightning Network to enable faster, cheaper Bitcoin deposits and withdrawals for its users.
Ripple’s legal win against the SEC triggered an altcoin rally led by XRP, with Solana, Cardano, and Polygon dramatically outperforming Bitcoin and Ethereum this week.
The SEC’s formal acceptance of BlackRock’s bitcoin ETF application indicates the regulatory agency will thoroughly review the high-profile crypto fund submission.
The crypto market surged after a federal judge ruled that the sale of Ripple’s XRP tokens did not violate securities laws, with Bitcoin hitting a one-year high and other cryptocurrencies and crypto-related stocks like Coinbase seeing notable gains, reflecting renewed investor confidence amid regulatory uncertainties.
Europe’s first spot Bitcoin exchange-traded fund (ETF) is set to publicly list this month after a year-long delay, as reported by the Financial Times, following recent approval from Dutch regulators.
Positive legal and price outlooks boosted crypto prices, with Bitcoin and Ethereum rallying to 2022 highs after a Ripple court win and a bullish BTC forecast from Standard Chartered. Despite volatility, crypto investors should focus on managing risk and seizing opportunities.
A recently introduced tool could enhance cryptocurrency security by creating further obstacles for potential theft and prevent government intervention in accessing coins through private key backups