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Coucil of apes CQ

Entire Crypto Market Cap Surges to $2.5T as 10K BTC Were Sold on OKEx

Crypto Market Cap Surges OKEx News
  • The world’s crypto market capitalization is currently up by $2.5 trillion.
  • Over 10,000 BTC were sold on OKEx amid the crypto market cap surge.

The digital finance world is experiencing a mix of reactions these days. However, it is worth mentioning that as of today, the global crypto market cap index has seen an upward surge of $2.5 trillion. Since the start of this year, the crypto market has risen by 233%.

In fact, this monumental increase in the crypto market cap value is quite a welcoming gesture that every crypto advocate hopes to see. Adding more to this, the trading volume of BTC/USDT pairs has also increased drastically to over 10,000 BTC sold today on the OKEx exchange.

To note, one of the on-chain analytics firm’s Wu Blockchain gave the BTC/USDT announcement today. Specifically, Wu Blockchain cited the BTC/USDT trading volume statista directly from Trading View. 

Crypto Market
    Trading View

Also, it mentioned that they seem to be sensing another pending 14,000 BTC sell order still on the OKEx exchange. A few minutes after disclosing this, the latter then said the pending order got away by the buy order that was also in BTC/USDT.

In the same breath, Bitcoin Magazine has also tweeted that the $38 billion Grayscale Bitcoin trust will soon be converted into ETF. This milestone would be achieved as the proposals filed to approve Bitcoin’s Future Exchange-traded Fund (ETF) is yet to be accepted.

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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Karikari Daniel is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.