The trade volumes of Bitcoin (BTC), XRP, and Polygon (MATIC) have surged in recent market movements, hitting their highest levels in for almost a month.
A major rise occurred just after Bitcoin crossed the $28,400 level for the first time since mid-August, with its trading volume surpassing $10.37 billion during its peak trading activity, according to Santiment, a well-known website that provides market intelligence on cryptocurrency markets.
In a similar vein, XRP broke beyond the nine-figure threshold with a trading volume of 1.08 billion after the SEC’s bid to appeal a decision designating XRP as a nonsecurity asset was denied by a federal court.
XRP and Bitcoin (BTC) smash monthly trading records., XRP and Bitcoin (BTC) smash monthly trading records.
In the meanwhile, $392.3 million worth of trading volume was attained by Polygon’s native token, MATIC, demonstrating consistent interest in the network and its native asset.
Though there has been a modest decline from their high prices, Bitcoin is still trading at around $10.5 billion, XRP is still worth $1 billion, and MATIC is still hovering around $400 million.
The “fear of missing out” mentality has sparked intense interest in the cryptocurrency community as a result of the trading volumes’ consistent upward trend.
Crypto aficionados are keen to comprehend the significance of record-breaking trade volumes for the future price trajectories of these digital assets, and they are attentively tracking these events as FOMO approaches its peak.
Keep an eye out since the cryptocurrency market surprises and tosses caution to the wind practically every day. #Bitcoin #Bitcoin News #Ripple News #XRP #XRP News
As FOMO peaks, XRP and Bitcoin (BTC) smash monthly trading records.,As FOMO peaks, XRP and Bitcoin (BTC) smash monthly trading records.,As FOMO peaks, XRP and Bitcoin (BTC) smash monthly trading records.