Global #Trading Volume

On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) faced substantial net outflows totaling $43.97 million, halting a brief two-day streak of positive flows.

PEPE, the popular meme coin, has recently experienced a modest 11% rise over the past four days. While this increase is positive, it falls short compared to the meme coin's historical performance.

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.