- 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.
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.
OFFICIAL: $38 billion Grayscale #Bitcoin trust will file to be converted into an ETF.
— Bitcoin Magazine (@BitcoinMagazine) October 18, 2021