South Korean Won Remains Second Most Traded Fiat Currency in Bitcoin
The latest data from Cryptoquant shows that despite the decline in Bitcoin prices, the premium in South Korea has decreased, but it is still about $1,800 to $2,000 higher than the global weighted average price of Bitcoin. In March, the premium of Bitcoin in South Korea was close to 12%, but it has dropped to 2.79% as of May 11. In addition, Cryptocompare data shows that the Korean won is still the second largest fiat currency in Bitcoin trading volume, accounting for 2.07% of the total Bitcoin spot trading volume, second only to the US dollar. (Bitcoin.com)
Trading volume on Solana’s decentralized exchange (DEX) surpassed the combined volume of Ethereum, BSC, Arbitrum, and five other chains yesterday.
Solana has managed to top Ethereum in 24-hour daily volume in decentralized exchanges, according to recent data.
The two popular blockchains recorded $1.3 billion and $1.29 billion, respectively, in DEX trading volume.
BSC comes in third place with $604 million worth of DEX trading volume.
Arbitrum and Base are in fourth and fifth places after generating $510 million and $286 million in DEX trading volume, respectively.
The transaction volume of 6 Hong Kong virtual asset ETFs was HK$24.8895 million
According to the data of Hong Kong stock market, as of the closing, the trading volume of 6 Hong Kong virtual asset ETFs today was HKD 24.8895 million, including:Huaxia Bitcoin ETF (3042.HK) with a trading volume of HKD 10.84 million, Huaxia Ethereum ETF (3046.HK) with a trading volume of HKD 2.19 million; ChinaAMC Bitcoin ETF (3439.HK) with a trading volume of HKD 5.08 million, ChinaAMC Ethereum ETF (3179.HK) with a trading volume of HKD 2.52 million; Futu HashKey Bitcoin ETF (3008.HK) with a trading volume of HKD 3.84 million, Futu HashKey Ethereum ETF (3009.HK) with a trading volume of HKD 0.4195 million.
Bitcoin ETF volumes hit 7-week high as BTC price nears $67K
Bitcoin BTCUSD is seeing a “surge” in volumes among its new institutional investment products — nearly 1,000 United States firms have bought Bitcoin exchange-traded funds (ETFs).
Data from research firm Santiment uploaded to X (formerly Twitter) on May 16 showed daily spot Bitcoin volumes passing $5 billion.
937 professional institutions invested in US spot Bitcoin ETFs in Q1 2024
One day, seven Bitcoin ETFs, $5.65 billion volume
Bitcoin ETFs have seen performance absent since around the time that BTCUSD hit all-time highs of $73,800.
As Santiment reveals, this week saw the seven largest U.S. spot ETFs manage $5.65 billion in volume between them — the highest since March 24.
Bitcoin BTCUSD is seeing a “surge” in volumes among its new institutional investment products — nearly 1,000 United States firms have bought Bitcoin exchange-traded funds (ETFs).
Data from research firm Santiment uploaded to X (formerly Twitter) on May 16 showed daily spot Bitcoin volumes passing $5 billion.
Market capitalization of memecoins surpasses $57 billion
According to CoinGecko’s data, the market value of Meme coins has exceeded 57 billion US dollars, currently at 57,183,575,318 US dollars, with a daily increase of 9.3%, outperforming other cryptocurrency markets.
DOGE’s weekly average prices are set to confirm a bullish golden cross
Dogecoin (DOGE), the world’s biggest meme cryptocurrency by market esteem, appears to be making a beeline for a rehash of the bullish “golden cross” technical trend that foretold the mid-2021 surge. DOGE, which has a market cap of about $22 billion, has exhibited surprising execution this year, with a cost surge of more than 70% and fundamentally outperforming the close to half expansion in bitcoin (BTC), the most prominent cryptocurrency, as per CoinDesk data. The 50-week simple moving average(SMA) of the meme token’s spot cost is presently moving north and looks set to cross over the 200-week SMA in the forthcoming weeks, affirming a golden cross.
We can say this in another way: the nearest price velocity could soon reach and cross high to the long-term price velocity, which would likely envelop the long-lasting bullish trend.
Visit: www.bitcoiva.com