Cryptocompare Financial News
14.09 / 06:25
Stablecoin
Federal Reserve
Paxos
Cryptocompare
Crypto derivatives
Crypto derivatives volumes surge to $3.12 trillion in July - CryptoCompare
Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said on Thursday, as crypto prices show signs of recovery from the recent market crash. The derivatives market now makes up 69% of total crypto volumes, up from 66% in June, and helped push overall crypto volumes on exchanges to $4.51 trillion in July, CryptoCompare said. Derivatives exchanges traded as much as $245 billion on July 29, 9.7% more than June's top daily high of $223 billion. But spot cryptocurrency trading edged lower to $1.39 trillion in July, a 1.3% monthly decline and the lowest since December 2020, CryptoCompare said.
26.01 / 14:09
business
Stablecoin
Adoption
Tether
Cryptocompare
Terra Usd
Usd Coin
ATH
Algorithmic stablecoin market share dropped by 10x from ATH: Report
The notorious failure of the Terra USD (UST) affected the crypto market in general, but it’s the algorithmic stablecoins alike that took the harshest punch. Since its peak in April 2022, the market share of algorithmic stablecoins shrank almost tenfold.
08.09 / 07:51
Blockchain.com
Cryptocompare
Bitcoin
Bitcoin Price
Cryptoverse: Bitcoin's no longer the king of the swingers
king of the swingers has been uncharacteristically treading water for days at around $20,000 and hasn't ventured far beyond that since June. That spells trouble for traders and exchanges that profit from bitcoin's wild price lurches, and is opening the door to its archrival ether which is preparing to up its crypto game by moving to a meaner and leaner blockchain. «Bitcoin is not dead, it's just boring at the moment, so traders are already looking for alternatives,» said Martin Leinweber, digital asset product strategist at MarketVector. Bitcoin's average 30-day volatility — a measure of how its price varies over a set period of time — has slumped to 2.7% from over 4% in early July, according to data firm Coinglass.
16.08 / 07:53
Ethereum
Federal Reserve
Cryptocompare
Crypto derivatives volumes surge to $3.12 trillion in July - CryptoCompare
Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said on Thursday, as crypto prices show signs of recovery from the recent market crash. The derivatives market now makes up 69% of total crypto volumes, up from 66% in June, and helped push overall crypto volumes on exchanges to $4.51 trillion in July, CryptoCompare said. Derivatives exchanges traded as much as $245 billion on July 29, 9.7% more than June's top daily high of $223 billion. But spot cryptocurrency trading edged lower to $1.39 trillion in July, a 1.3% monthly decline and the lowest since December 2020, CryptoCompare said.
04.08 / 12:59
Fed
Cryptocompare
Bitcoin Price
Cryptoverse: Bitcoin beats the heat in a jumpin' July
— It's been a good month for bitcoin — and we haven't said that for a while. After months of freefall, it jumped more than 17% in July, its best performance since October. Ether rose 57%, its strongest monthly gain since January 2021.
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