BTC pairings were found to comprise approximately 33% of the roughly “$12 [billion] in traded volume at press time for 18 June 2018.” ETH pairings represented 12% of total volume, followed by BCH with 3%, and XRP and LTC with 2% each.
In addition, USDT pairings were found to comprise 17% of the total trade volume of the cryptocurrency markets.
The combined volume of all other altcoin markets listed on Coinmarketcap was found to have constituted just 31% of trade volume.
The report also found that 49.3% of altcoin markets (803 tokens) had produced less than $10,000 in trade volume, and that 67.3% (1,096 tokens) posted less than $100,000 in trade volume.
Just 15.3% cryptocurrencies produced a trade volume of $1 million or higher, and only 6.3% of markets produced $5 million or more in 24-hour trade volume.
Analysis conducted by Diar has indicated that only a minority of cryptocurrencies represent the vast majority of trading volume in the virtual currency markets – with only 0. 36% of tradable cryptocurrencies found to have comprised 69% of the total trade volume of the entire cryptocurrency markets.
XRP whale flows to Binance have decreased since mid-December signaling less selling pressure and potentially stabilized prices ahead for the digital asset.
U.S. spot XRP ETFs just recorded their first net outflow after 36 straight inflow days, raising questions over whether the record streak is pausing or ending. U.S. spot exchange-traded funds tracking XRP cryptocurrency recorded their first net outflow on Jan.…
XRP’s rally paused as spot ETF inflows slowed and early profit-taking emerged. Technical resistance triggered selling, but long-term holders stayed largely inactive. Price outlook hinges on holding key support while ETF demand stabilises.
The cryptocurrency market is undergoing a correction following an excellent start to the week. Bitcoin, the leading cryptocurrency by market cap, briefly dropped below $90k after losing 2. 5% of its value.
US spot XRP exchange-traded funds recorded their first day of net outflows on Wednesday, snapping a 36-day streak during which the products had avoided any daily redemptions, according to data from SoSoValue.
XRP price is pulling back after a strong move higher, with price now testing whether buyers can defend the $2.00 area as large on-chain transfers increase. At press time, XRP was trading at $2.14, down 5% over the past 24…
Morgan Stanley, the $1. 8 trillion banking giant, has applied to launch two exchange-traded funds (ETFs) tracking the prices of Bitcoin and Solana with the US Securities and Exchange Commission (SEC).
