The price of bitcoin hit $ 50,000 today, a month after the U.S. Securities and Exchange Commission approved 11 applications for spot bitcoin ETFs. The issuers of those ETFs have seen demand skyrocket beyond initial predictions of a few billion. Assets under management at these issuers total around $ 28.35 billion, making for a market […]
Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month
Digital currency markets have been tumultuous during the past month as bitcoin shed 15.43% and ethereum dropped 17.49% against the U.S. dollar. Moreover, crypto spot volumes are down 18.95% lower than the month prior, and both futures and options volumes were down in April as well. Lower than average trade volumes typically suggest overall interest […]
Low Volumes Across Crypto Spot Markets and Derivatives Indicate Bearish Conditions
Digital currency markets have slipped significantly in value during the last two weeks and the lower prices have not sparked higher trade volumes. Data shows cryptocurrency spot market volume has slipped from $ 1.4 trillion in November 2021, to this month’s $ 593 billion in volume. Bitcoin futures open interest and volumes have dropped considerably […]