Global Trade Volume – DIGIT INFO

Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market Downturn

DIGIT — Thu, 03 Oct 2024 17:10:10 +0000

Bitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders to Stablecoins At 1 p.m. EDT on […]

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Calm Markets: Stocks, Crypto, and Gold Show Little Movement Post CPI

DIGIT — Wed, 11 Sep 2024 14:10:16 +0000

The latest consumer price index (CPI) from the U.S. Bureau of Labor Statistics shows that inflation cooled to 2.5% in August, marking the slowest rate since 2021. Meanwhile, core CPI, which strips out the fluctuating food and energy sectors, posted a 0.3% increase for the month. Stocks, Bitcoin, and Gold Unmoved by CPI Data On […]

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Crypto Market Volatility Fuels $1.2B Inflows at Binance

DIGIT — Tue, 06 Aug 2024 18:10:27 +0000

On Aug. 5, 2024, global crypto trade volume surpassed $200 billion, and current 24-hour statistics show approximately $148.26 billion in volume has been finalized the following day. Data reveals that Binance, the leading crypto exchange by trading volume, experienced inflows of $1.2 billion over the past day. Binance CEO Richard Teng noted that this “marks […]

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PEPE Token Continues Downward Spiral, Registers 60% Drop From All-Time High

DIGIT — Thu, 11 May 2023 17:30:34 +0000

The meme-based token pepe (PEPE) has experienced a 14.9% decline against the U.S. dollar over the last 24 hours, continuing its downward trend from the last five days. Thus far, PEPE has seen a 60% drop in value from its all-time high on May 5. Rival Meme Tokens Challenge PEPE’s Dominance as Meme Token’s Value […]

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Twitter Changes Bird Logo to Picture of Doge, Dogecoin Price Surges 23% After the Change

DIGIT — Mon, 03 Apr 2023 20:30:53 +0000

On Monday, Twitter users noticed that the traditional blue bird logo had been replaced by a cartoon picture of Doge. Meanwhile, the leading meme coin cryptocurrency, Dogecoin, jumped 23% higher against the U.S. dollar after the logo change. Twitter Bird Logo Changes to Doge Twitter has updated its logo, replacing it with a picture of […]

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Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums

DIGIT — Mon, 13 Mar 2023 19:30:47 +0000

On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several stablecoins, including tether and BUSD, sold at premiums. Tether reached a high of $1.04 per unit and […]

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USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

DIGIT — Mon, 13 Mar 2023 02:30:26 +0000

The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. […]

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USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident

DIGIT — Sun, 12 Mar 2023 14:30:56 +0000

On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps involving USDC against wrapped ether, […]

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Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in April

DIGIT — Sun, 05 Mar 2023 09:00:45 +0000

On March 4, the decentralized exchange Pancakeswap announced that the team plans to launch its version three (v3) iteration of the platform during the first week of April 2023. Pancakeswap v3 will provide new features and improve liquidity alongside enhancements in interface accessibility and the decentralized exchange (dex) platform’s yield farming experience. Pancakeswap Announces Version […]

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Artificial Intelligence Crypto Assets Continue to Surge, Accounting for $4 Billion in Market Value

DIGIT — Mon, 27 Feb 2023 19:00:31 +0000

Following a brief downturn in mid-February 2023, artificial intelligence (AI) crypto assets have continued to see gains over the last 30 days. Currently, out of 74 listed AI-focused cryptocurrencies, the net value of all these tokens has risen to more than $4 billion, which accounts for 0.37% of the entire crypto economy’s value. Majority of […]

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