Cryptocurrency Daily Thefoxposts.com

In a Nov. 15 post on X, Kaiko, a leading market data provider, reports the market share of altcoin and Ethereum spot volume relative to Bitcoin has risen to 60%. This marks its highest level in more than a year. Catching attention Kaiko’s data goes on to show that market share volume s were sitting at 55% back in August of this year, with previous months being dominated by Bitcoin (BTC). Altcoin volume s are up The market share of altcoin + ETH spot volume relative to BTC has risen to 60%, its highest level in more than a year. pic.twitter.com/8KDZcoZWFf — Kaiko (@KaikoData) November 15, 2023 It is worth noting that market sentiment towards Ethereum (ETH) and other altcoins has caught the attention of many headlines in the last few weeks, both in relation to ETF news and the Federal Reserve’s decision on interest rates. ETH/BTC has trended downwards ever since the Merge. However, ETH sentiment finally shifted last week after BlackRock filed for a spot ET...

Reports on July 21 reveal that OpenSea, a non-fungible token (NFT) marketplace, has introduced a new feature called Deals, allowing users to trade NFTs for other NFTs or Ethereum (ETH).  Powered by Seaport, an NFT protocol, OpenSea said Deals offer users a more flexible and secure way to trade NFTs directly on the platform. Introducing Deals: offer your NFTs for theirs, securely on OpenSea. https://t.co/bTciJLUWDK pic.twitter.com/KR2MLbi7jh — OpenSea (@opensea) July 20, 2023 The introduction of Deals comes as NFT trading volumes have seen a significant decline in recent months. Factors such as the overall bearish trend in the cryptocurrency market and increased competition from other NFT marketplaces have decreased NFT trading activity.  You might also like: OpenSea implements zero fees as it takes on Blur As of June 22, Dune data shows that OpenSea’s average monthly trading volumes stood at roughly $161 million, a deep slump from the over $4.8...