CCData released its monthly report on Wednesday, revealing that centralized exchanges witnessed significant surges in spot and derivatives trading volumes. Meanwhile, the CME experienced a decline in derivatives trading volumes, particularly in its ETH options and futures volume.
Bitcoin (BTC) is facing its longest post-halving delay to a new all-time high as it trades around $58K on Wednesday. Unlike previous times, several supply overhangs in the past months and strong interest rates environment have heavily weighed on Bitcoin’s price.
Ethereum (ETH) is up 0.1% on Wednesday following increased outflows and declining trading volume across ETH products. This follows key data showing ETH’s recent underperformance compared to other top assets.
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