- Qtum, Bitcoin SV, and eCash have seen significant increases in the last 24 hours, dominating the market with a volume of approximately $2 billion.
- The recent uptrend in the crypto market, initiated by BlackRock’s spot Bitcoin ETF application, has led to a rise in several altcoins.
- Despite Bitcoin’s calmness, these three altcoins have shown significant activity in the market.
Altcoins Qtum, Bitcoin SV, and eCash Dominate the Crypto Market
Recent trends in the crypto market have seen a surge in activity from several altcoins. This uptick in the market was triggered by BlackRock’s spot Bitcoin ETF application, leading to a rise in a number of altcoins. Despite Bitcoin’s relative calmness, three altcoins, Qtum, Bitcoin SV, and eCash, have shown significant activity and growth.
BlackRock’s Bitcoin ETF Application Sparks Market Activity
The crypto market has been quite active in recent weeks. The uptrend, which began towards the end of last month, has seen several momentary fluctuations. A notable detail in BlackRock’s Bitcoin ETF application sparked interest. The mention of a fork situation by BlackRock led to speculation within the crypto community. Following these statements, Bitcoin forks, known as Bitcoin Cash and Bitcoin SV, saw increases.
Altcoins Show Significant Growth
The rise in Bitcoin derivatives also reflected on alternative cryptocurrencies. Litecoin, a long-standing player in the crypto market, also saw a significant increase. However, in the last 24 hours, three cryptocurrencies have stood out. Open-source blockchain platform Qtum saw a nearly 20% increase in the last 24 hours. Dominating the crypto market, Qtum exhibits activity with a volume close to $350 million.
Following Qtum, Bitcoin SV also drew attention. BSV saw a 13% increase in the last 24 hours and managed to reach a volume of $935 million in the same period. eCash was also one of the altcoins where the most money was circulated in the crypto market. XEC attracted attention by reaching a volume close to $765 million and saw a nearly 7% increase in the last 24 hours.
