The largest cryptocurrency rose above $100,000 for the first time since Feb. 4, according to CCData, after the Bureau of Labor Statistics said the economy added 143,000 jobs in January, below the forecast 170,000 and down from 256,000 in December.
Holding bitcoin is cool again. President Donald Trump has vowed to make America the “crypto capital of the planet”, words that have helped supercharge the token’s price to eye-watering six-figure highs.
The declines took the losses over the weekend to a nominal value of $430bn, according to CCData, amounting to a 13 per cent decline of the entire market.
According to a report by CCData, Stablecoin trading volumes fell 8.35% to $795 billion in July due to lower trading activity on centralized exchanges.
"There has been speculation that AAVE could activate their 'fee switch' to redistribute excess revenue generated by the platform to stakers. This follows a proposal aimed at seeking governance feedback on the protocol's potential to buy back tokens using surplus revenue and redistribute them to AAVE stakers and the minters of their stablecoin, GHO," Joshua de Vos, research lead at London-based digital assets data and index provider CCData, told CoinDesk.
On higher-volume exchanges including Binance and Bybit, coin listings are cumulatively up 11.6% to 2,066 in the first six months of the year, according an analysis of select exchanges that CCData conducted for Bloomberg. Among a handful of lower-volume exchanges including CoinJar and BTC Markets, listings are up nearly 32% to 488, the researcher found.
The dollar sum of outstanding bitcoin derivative contracts on centralized exchanges reached $37 billion at the start of August, tripling from a year earlier, according to CCData. The market mayhem on Aug. 5 pushed that total down to $28 billion.
Come the downturn and people raced for the exit. Typically, traders go where the liquidity is in order to sell as quickly as possible. That was true again here. Centralised exchanges had their second-highest volume day of spot trading since May 2021 when China banned bitcoin mining, according to CCData.
Order books on U.S. exchanges offer more liquidity than their offshore counterparts, according to CCData.
According to the latest research report from CCData, spot trading volumes rose by 14.3%, totaling $1.44 trillion, while derivatives trading volumes saw an increase of 21%, reaching $3.50 trillion.
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