The cryptocurrency market has added more than $40B to the total market cap within the last 48 hours. As assets such as Bitcoin, Ether, & Ripple see over 10% gains
This week, the cryptocurrency market saw a solid increase in volume and two stable days in terms of value and volume, leading investors to become more optimistic regarding the short-term trend of the leading cryptocurrencies. The volume of Tether (USDT) has also dropped substantially from its yearly high at $4.5 billion recorded on July 1, signifying that more investors are trading crypto-to-crypto instead of crypto-to-stablecoins, which was the case throughout the past month amidst a strong downtrend. The market has also seen the daily trading volume of most cryptocurrencies rebound.