Spot cryptocurrency trading volume surges to highest level since March
According to data from The Block, a well-known market platform, the 7-day moving average of spot trading volume broke through $24 billion on October 26, reaching a new high since the end of March. Compared with the summer, the market has experienced more obvious fluctuations as traders are dealing with headlines about the possible launch of a spot Bitcoin exchange-traded fund. Supporters believe this will create new channels for capital inflows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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