TechFlow news, July 31 — According to data from CryptoQuant, after Bitcoin's price surpassed $120,000, the cryptocurrency market landscape underwent significant changes. Data shows that Ethereum's price has surged 170% from its recent low, now only 23% away from its all-time high of $4,871. One of the key drivers behind this rally is SharpLink's investment of $1.3 billion to purchase 438,190 ETH.
Data from the cryptocurrency derivatives market indicates that altcoin-Ethereum futures trading volume reached $22.36 billion, hitting a five-month high. Notably, on centralized exchanges, altcoin-Ethereum futures trading volume accounted for 83% of the total, while Bitcoin futures accounted for only 17%.
Add to Favorites
Share to Social Media
