Bitcoin ETFs Surpass $4.5B in Total Trading Volume On Their Inaugural Day
Spot Bitcoin ETFs achieved a trading volume of over $4.5 billion on the first day of trading.
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Spot Bitcoin ETFs achieved a trading volume of over $4.5 billion on the first day of trading.
Specifically, the total cryptocurrency exposures reported by banks across the globe amount to approximately €9.4 billion ($9.18 billion).
The fast-growing crypto market means that hacks and scams are a decreasing percentage of overall activity and continue to decline as a percentage of total usage.
Another chart shows that USDC and BUSD supplies fell sharply in May, but both have since rebounded to near their respective all-time highs.
A separate graph also saw USDC and BUSD supply drop sharply in May, however both have since rebounded and are close to being back to their respective all-time high levels.
Bitcoin has fallen more than 70% from its all-time high in November 2021 and has triggered selling pressure with it. ...
A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline.
Crypto mining falls under the “gray zone” in Russia, which means even though it's not banned, it doesn’t fall under the purview of law which could pose risks for those involved.
The total USDC supply on Ethereum has surpassed that of Tether, making the USDT supply on Ethereum second for the first time.
Despite the bearish backdrop for the entire crypto industry, the total stablecoin supply has reached $180 billion, a surge of $9.5 billion over the past 30 days.