Editor's PiCK
Ethereum (ETH) Spot Trading Volume Surpasses Bitcoin (BTC) After Over a Year
JH Kim
Summary
- CryptoQuant recently reported that the Ethereum (ETH) spot trading volume recorded $25.7 billion, surpassing the Bitcoin (BTC) spot trading volume of $24.4 billion.
- After almost a year, Ethereum's spot trading volume overtook Bitcoin, and it was analyzed that investor funds are moving to Ethereum and altcoins.
- It was stated that Ethereum is currently trading at $3,580.24 on the Binance USDT market, a 3.89% decrease from the previous day.
On the 23rd (local time), on-chain analytics platform CryptoQuant announced via its official X (formerly Twitter) that "last week, Ethereum (ETH) spot trading volume reached $25.7 billion, surpassing Bitcoin (BTC)'s $24.4 billion."
CryptoQuant stated, "For the first time in over a year, Ethereum's spot trading volume has exceeded that of Bitcoin," and analyzed that "this suggests that investor capital is flowing into Ethereum and altcoins."
Meanwhile, as of 01:50 on the 24th, based on the Binance Tether (USDT) market, Ethereum is trading at $3,580.24, down 3.89% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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