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.
The cryptocurrency market has continued its bearish performance this week, with over $50 billion wiped out from the market in the last 24 hours. The total cryptocurrency market cap dropped from $2. 92 trillion on Thursday and now stands at $2.
The cryptocurrency’s market price action remains choppy ahead of crucial inflation data in the United States. Bitcoin briefly dropped below $86k on Wednesday, but is now heading towards the $87k level.
Digital Wealth Partners launched an Arch-powered XRP algo strategy for qualified IRAs, giving wealthy investors tax-advantaged, professionally managed XRP exposure at Anchorage. Digital Wealth Partners (DWP), a U.
The Nasdaq-listed firm VivoPower (VVPR) is expanding its digital asset treasury strategy linked to Ripple’s XRP token through a joint venture aimed at acquiring hundreds [...]
XRP’s spot ETFs are sucking in roughly $50 million a day in fresh capital, hitting nearly $1 billion in inflows in under four weeks, the fastest adoption pace since Ethereum ETFs launched. Yet the token itself has cratered 11% over the past ten days and sits near $1.
XRP, the native cryptocurrency of the Ripple ecosystem, is down by less than 1% over the last 24 hours, recovering from a significant drop on Tuesday. The dump saw XRP retest the $1. 85, but it is now trading at $1.
