Entire Crypto Market Cap Surges to $2.5T as 10K BTC Were Sold on OKEx By CoinQuora
- The world’s crypto market capitalization is currently up by $2.5 trillion.
- In the midst of the cryptocurrency market cap boom, OKEx has sold more than 10,000 BTC.
There are many reactions to the digital finance industry. It’s worth noting that, as of this writing, the global cryptocurrency market cap index had seen an upwards surge of $2.5 billion. The crypto market has increased by 233% since the beginning of the year.
This massive increase in crypto market capital value is a welcome gesture, which every crypto advocate wants to see. The trading volume for BTC/USDT pairs also increased significantly to almost 10,000 BTC today, according to the OKEx exchange.
To note, one of the on-chain analytics firm’s Wu Blockchain gave the BTC/USDT announcement today. Wu Blockchain specifically cited Trading View’s BTC/USDT volume statista.
The OKEx exchange still has a 14,000 BTC pending sell order. After disclosing all this information, the exchanger said that the pending order was swept away by the BTC/USDT buy order.
Magazine also announced that the Grayscale Bitcoin trust, valued at $38 billion, will be soon converted to an ETF. This milestone would be achieved as the proposals filed to approve Bitcoin’s Future Exchange-traded Fund (ETF) is yet to be accepted.
OFFICIAL: The $38 billion Grayscale #Bitcoin trust is set to file for conversion into an ETF.
— Bitcoin Magazine (@BitcoinMagazine) October 18, 2021
Surprisingly, due to how Bitcoin is dominating today’s crypto news footage, this confirms the crypto community’s suggestions on how vital BTC is in the crypto market.
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