Bitcoin surged past $68,000 following President Joe Biden's unexpected decision to exit the 2024 presidential race, highlighting the crypto market's sensitivity to US political events. While US exchanges contribute under 12% of global trading volumes, they surprisingly account for almost half of the market's liquidity. This paradox stems largely from the influx of institutional investors after the introduction of spot Bitcoin ETFs. But the real game-changer driving this liquidity boost is... [Read more on Alpha]
US moves global markets because of liquidity, not volume US moves global markets because of liquidity, not volume
Market depth in US exchanges shows the impact of institutional investment and ETF trading.
3 min read
Updated: Jul. 22, 2024 at 11:47 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.
