- Bitcoin recently surged to $62,000 before leveling off at $61,000, amidst gains in altcoins like SOL and AVAX.
- In the midst of these developments, South Korea’s largest cryptocurrency exchange, Upbit, observed a significant spike in trading volumes of five altcoins.
- A prominent detail to note is the dramatic increase in trading volume for tokens such as Aptos (APT) and Basic Attention Token (BAT) on Upbit.
Discover the latest trends and developments in the crypto market, highlighting major surges in altcoin trading volumes and significant price changes in popular cryptocurrencies.
Major Volume Surge in South Korean Cryptocurrency Exchange Upbit
As markets initiate a recovery, traders and investors are keenly watching potential tokens. South Korea’s prominent crypto exchange Upbit witnessed substantial increases in trading volumes, particularly for tokens like Aptos (APT), Basic Attention Token (BAT), Bitcoin Gold (BTG), Polkadot (DOT), and Tezos (XTZ).
Top Altcoins Witness Noteworthy Volume Increases
On Upbit’s 4-hour chart, Aptos (APT) registered a 129% rise in trading volume. Similarly, Basic Attention Token (BAT) spiked by an incredible 609% within an hour. Bitcoin Gold (BTG) and Polkadot (DOT) each experienced dramatic increases, with BTG up 245% and DOT up 270% in hourly trading volumes. On top of this, Tezos (XTZ) saw a 95% hike in its 4-hour trading volume. These surges reflect heightened trading activity for these altcoins on Upbit.
Current Outlook of the Crypto Market
Global crypto prices have buoyed investor optimism today. Bitcoin briefly hit $62,000 while major altcoins like Ethereum (ETH), Solana (SOL), and XRP similarly showed upward momentum. Notably, meme coins such as Book of Meme (BOME) and Bonk (BONK) emerged as prominent gainers. This bullish sentiment resulted in the global crypto market cap increasing by 1.75% to $2.29 trillion, with the total market volume rising by 7.15% to $61.35 billion, drawing significant attention from investors.
The Day’s Top Performing Cryptocurrencies
- Akash Network (AKT) saw a price increase of 12.75% to $3.62.
- Book Of Meme (BOME) rose by 11.77% to $0.01046.
- Conflux (CFX) climbed 9.59% to $0.1717.
- Bonk (BONK) experienced an 8.84% rise to $0.000024.
Top Declining Cryptocurrencies Today
- Fetch.ai (FET) fell by 10.36% to $1.49.
- SingularityNET (AGIX) dropped 7.70% to $0.6287.
- Lido DAO (LDO) declined by 5.92% to $2.32.
- Notcoin (NOT) decreased by 4.98% to $0.01532.
Conclusion
Summing up, the crypto market is witnessing significant movements with notable increases in the trading volumes of select altcoins on South Korea’s Upbit. The general market sentiment remains positive as major cryptocurrencies show upward trends, leading to increased interest and activity among global investors. Future market trends will hinge on continuous investor engagement and evolving market dynamics.
