 | Altcoin trading volumes have been increasing, reaching an all time high so far this year. At the beginning of the year, BTC was 45% of all trade volumes, and now BTC is down to 27% of trade volumes. This change is mostly driven by exchange activity outside of the US - with BTC trading volumes at about the same level as the beginning of the year at US exchanges, but with altcoin volume increasing substantially at international exchanges. Altcoin liquidity, as measured by 1% market depth, has also seen a slight increase since the start of July. So the Bitcoin price has almost doubled this year, and now we're seeing altcoin trading activity increasing... is this the start of a new altcoin season? [link] [comments] |
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