Summary
- As the crypto market rebounded and domestic investors increased trading participation, Upbit trading value rose 81.7% from the previous day.
- Based on CoinGecko data, Upbit trading value over the past 24 hours was tallied at about $25.43 billion, and signs were cited that some funds are moving from the stock market and elsewhere into the crypto market.
- On Upbit, XRP accounted for 18.07% of total trading value to rank as the most actively traded, and it was noted that it has shown relatively strong momentum versus major altcoins, rising about 11% over the past week.
Forecast Trend Report by Period
Upbit’s trading value jumped sharply in just one day as domestic investors increased their trading activity alongside a rebound in the crypto market.
According to BlockBeats, a cryptocurrency-focused media outlet, Upbit’s trading value over the past 24 hours totaled about $25.43 billion based on CoinGecko data as of the 17th. That marks an 81.7% increase from the previous day. There are also signs that some funds are shifting from the stock market and elsewhere into the crypto market.
Within Upbit, XRP remains the most actively traded asset. XRP accounted for 18.07% of total trading value.
XRP’s price has recently shown relatively strong momentum compared with major altcoins. Over the past week, it has risen about 11%, posting robust gains even amid the broader market rebound.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
