The post June Boom: Crypto Market Rebounds with Record Spot Trading SurgeJune Boom appeared first on Coinpedia Fintech News
CCData’s latest report on the cryptocurrency market reveals some promising trends that are sure to capture the attention of investors. After a lackluster period of three months, June brought about a much-needed revival, characterized by a significant increase in trade volumes across centralized exchanges.
Let’s dive into the details and dissect these developments.
Spot Trading
In June, spot trading volumes experienced an impressive upswing of 16.4%, reaching a staggering $575 billion. This surge effectively pulled the metric out of its previous slump. The sudden change in market sentiment can be attributed to the entry of financial powerhouse BlackRock and other players into the Bitcoin ETFs arena. Additionally, the Securities and Exchange Commission’s legal actions against Binance.US and Coinbase played a role in driving this upward trend.
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