Jul 5, 2024

The crypto market is in the red but altcoin liquidity has improved significantly this year.

Video transcript

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 100 million users worldwide. Let's take a look at the chart of the day. The crypto market is in a sea of red but alt coin liquidity has improved significantly this year. According to data from Kio, the aggregated 1% depth for the top 10 alt coins by market cap mounts up to around 100 and $62 million. A 38% increase compared to the 2023 average. The increase alt coin depth partially stems from price appreciation in the first quarter of 2024. But the trends did not just start this year. Most alt coins have shown improvement relative to Bitcoin since its 2021 bull run an indication of widening adoption. That's it for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.

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