Global #Trading Volume

In the past 24 hours, the cryptocurrency market has surged by 3.14%, climbing from $2.075 trillion to $2.14 trillion. This notable increase is led by a significant 4.98% rise in Bitcoin's price, which has successfully reclaimed the $61,000 level.

Cardano (ADA), the 11th largest cryptocurrency by market capitalization, has experienced a significant increase in trading volume over the past 24 hours, yet this surge has not been matched by a proportional rise in its price.

In the past 24 hours, the cryptocurrency market has experienced a notable uptick, with its total valuation rising by 2.49%, from $2.09 trillion to $2.14 trillion. This positive shift comes amidst a decrease in trading volume, which has dropped by 23.72% to $63.94 billion.

As of August 6, 2024, Bitcoin (BTC) has experienced a notable price surge, trading close to $56,000 after a 10% rise in the last 24 hours. This recent rally has been underscored by significant whale activity, with a leading analyst reporting on X that these large investors accumulated over 30,000 BTC, worth approximately $1.62 billion, within just 48 hours.

On August 5, the United States Bitcoin and Ether ETFs saw a significant surge in trading volume, reaching nearly $6 billion amidst a turbulent market. Data from CoinGlass reveals that spot Bitcoin ETFs recorded a staggering $5.24 billion in daily trading volume, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for over half of this amount.

Cardano (ADA), a leading cryptocurrency known for its innovative blockchain platform, has experienced a notable 31% increase in trading volume, signaling renewed investor interest and confidence in the digital asset.