Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

Volume Rankings Report for June 2018: Trading Activity Drops Across Crypto Markets

Posted on juni 30, 2018 by Blockchain News

Volume Rankings Report for June 2018: Trading Activity Drops Across Crypto Markets

Market action during June has seen a significant slump in trade volume, with the majority of the ten most traded cryptocurrencies experiencing a drop in volume of between roughly 17% and 57% when compared with May.

Also Read: ICO Round-Up: Social Media Influencers Bypass Ad Ban, Centra Tokens Deemed Securities

Month-Over-Month 30-Day Trade Volume Declines Across Crypto Markets

BTC has maintained its significant lead as the most traded cryptocurrency, with BTC pairings producing roughly $125.6 billion USD worth of trade over the course of the last 30 days. Compared with May’s 30-day volume of approximately $185 billion, the BTC markets have seen a 32% loss in trade volume.

Unlike last month, the combined volume of the second and third most traded cryptocurrencies combined surpassed that of BTC – with Tether and Ethereum producing roughly $130 billion in trade combined.

The 30-day volume of USDT has seen among the smallest percentage loss incurred by a top ten cryptocurrency – declining 17.2% from $93 billion last month to $77 billion during June. The monthly trade volume for ETH fell almost 30% from May’s $76.6 to approximately $53.8 billion this month.

EOS has held its position as the fourth most traded cryptocurrency during June, however, shed nearly 33% of its trading volume – dropping from $47.5 billion last month to roughly $32 billion during the last 30 days.

Volume Rankings Remain Mostly Stable During June

The 30-day trade volume for BCH pairings dropped significantly this month, with June’s $14.7 billion in trade comprising a 47.5% drop from May’s $28 billion.

Despite the monthly volume for LTC falling by 21% when compared with May, Litecoin has climbed from the 8th most traded cryptocurrency last month, with $11.9 billion in trade, to rank 6th for June with $9.3 billion.

XRP has maintained its position as the seventh most traded cryptocurrency this month, producing $8.3 billion in trade during the last 30-days. Compared with May, XRP has lost 39% of its trade volume, which fell from $13.7 billion to $8.3 billion.

Ethereum Classic was the only top ten cryptocurrency market by volume to see an increase in trading activity during June. The ETC markets produced $6.6 billion in volume this month – a roughly 1.5% increase over May’s $6.5 billion.

Of the ten most traded cryptocurrencies, TRON saw the greatest loss in volume. Trading activity for TRON pairings fell 57% from 6th position with $14 billion last month, to 9th in June with $6 billion.

QTUM was the tenth most traded cryptocurrency over the last 30 days with nearly $3.5 billion in trade.

Do you think the markets will continue to experience a decline in monthly trade volume? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


Want to create your own secure cold storage paper wallet? Check our tools section.

The post Volume Rankings Report for June 2018: Trading Activity Drops Across Crypto Markets appeared first on Bitcoin News.


Source: Bitcoin.com
Original Post: Volume Rankings Report for June 2018: Trading Activity Drops Across Crypto Markets

Ledger Nano X - The secure hardware wallet

Meest recente berichten

  • Crypto can be lucrative, but make sure you’re ready for the taxman
  • Investment Firm Launches the First ‘Crypto Hedge Fund’ in Spain- Plans to Expand Across Europe, Latin America
  • Nigerian Vice President Yemi Osinbajo Contradicts Central Bank, Says Cryptocurrencies Must Be Regulated and Not Prohibited
  • Chinese Authorities Warn About ‘Sophisticated’ Digital Yuan Scam- Promotes Access to a ‘$186M Secret’ Government Fund
  • Blockchain and crypto will challenge current finance, Nigeria VP says

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archief

  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • oktober 2017
  • september 2017
©2021 Blockchain News Feed | Design: Newspaperly WordPress Theme