BinhDang
Fund volume reaches the highest of this year.
Since the beginning of this year, when US officials were determined to thwart much of the crypto market, the digital asset industry trying to battle regulations has finally won a significant victory. "A US appeals court’s ruling to overturn the Securities and Exchange Commission’s decision to block the first exchange-traded fund tied to the spot price of Bitcoin sent the original cryptocurrency soaring more than 7%, its biggest daily gain in months. Perhaps just as important, it boosted spirits in a sector that’s been contending with a near-constant blast of high-profile regulatory enforcement actions, bankruptcies and lawsuits." according to Bloomberg. During the gloomy periods from the end of the second quarter to the present, trading volume on spot exchanges decreased and was mainly led by volume on derivatives exchanges, where long-term positivity is not guaranteed. After yesterday, the data on CryptoQuant marked an important sign that Fund volume spiked; the entire trading volume of coins by Funds has reached the highest level since the beginning of this year. If small investors are sitting on the sidelines and waiting for good news before positioning their assets, there is a high chance you will miss out. The FOMO situation will continue when everything is clear, so an accumulation plan during the dull period is extremely important; no one knows when the boom will officially begin. It is just a matter of time.