Bitcoin and Ethereum resisted negative market sentiment and witnessed the transaction volume soaring to a one month high.Due to the negative traffic, traders are optimistic about BTC and ETH
- Bitcoin and Ethereum resisted negative market sentiment and witnessed the transaction volume soaring to a one month high.
- Due to the negative traffic, traders are optimistic about BTC and ETH.
Bitcoin and Ethereum, as well as the entire Cryptocurrency market, responded to the recent initiatives of the U.S. Securities and Exchange Commission (SEC). Nevertheless, there has been a significant shift in the situation after the SEC's latest actions triggered a significant decline in trading activity.
Bitcoin and Ethereum transactions soared to monthly highs
After the U.S. Securities and Exchange Commission announced that BinanceUS and Coinbase faced legal proceedings, the prices and trading volumes of major Cryptocurrency, including Bitcoin and Ethereum, declined. This decline can be attributed to FUD, as market participants observed the overall market response.
However, after the initial decline on June 5, the trading volume of the whole market showed a significant recovery, which rekindled the interest in bargain hunting and Selling climax.
Santiment data shows that Bitcoin and Ethereum have reached the highest monthly transaction volume.
6420080.
6 4 30 100 . 70 .
(BNB)SolanaCardano.
Bitcoin and Ethereum have negative traffic
CryptoQuant Netflow ..
6 7 -10,000..Netflow 1,000.
Netflow 6 5 -360,000.ETH 9,000.
Analyze current market sentiment
Coinglass.. BTC ETHCoinglass.
Thank you for watching. Friends who like it can click like to follow. See you next time!
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
