August’s Bitcoin Rally Led to Record Crypto Derivatives Volumes: Report
CryptoCompare's latest report shows crypto derivative volumes were up 54% in August – likely a result of the rally in bitcoin's price.
Angry users are taking to Twitter, putting the platform in the DOGE house.
Bitcoin's active addresses and trading volumes broke their previous all-time high set in late 2017.
Slowing bitcoin volume suggests retail traders are less active with their "stimmy" checks compared to 2020.
A sharp drop in OKEx’s trading volume and stablecoin reserves – tether in particular – may reveal an ongoing exodus of its users after the popular crypto derivatives exchange unexpectedly halted all crypto withdrawal activities for about five weeks.
Saylor said the bitcoin market needs high-quality data, in an interview Tuesday.