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The cryptocurrency market has kick-started the day on a bullish note. With significant gains since the early morning, the leading cryptocurrency Bitcoin (BTC) has surpassed the $30,700 mark and is approaching $31,000 significantly. The crypto analytics platform, Santiment, highlighted two cryptocurrencies which have recorded a major increase in trading volumes, and shared current data.
Santiment’s Current Market Evaluation
The leading cryptocurrency, Bitcoin (BTC), started trading from the $30,700 price range after approaching $31,000 significantly with its value increases since the morning. The cryptocurrency market, affected by the BTC value increases, started rising again. Ethereum (ETH), exceeding the $1890 level with its rise during the day, approached $1900 significantly. The total market value of the crypto ecosystem reached $1.2 trillion, according to CoinMarketCap (CMC) data.
On the other hand, while the uptrend in the cryptocurrency market continues, the crypto analysis platform Santiment also shared current data and metrics, and made an assessment of the current situation in the crypto market.
Significant Volume Increase in Two Altcoins
The crypto analysis platform Santiment drew attention to current data and metrics in an assessment of the current situation in the crypto market. Santiment, stating that the trading volumes in the crypto market are on the rise again, specifically highlighted two altcoins.
Although Santiment stated that trading volumes in the crypto market have increased, it specifically pointed out MATIC and BNB. According to the data shared by the crypto analysis platform Santiment, a significant increase was recorded in the trading volume of MATIC and BNB.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware of the risks associated with the high volatility of cryptocurrencies and should conduct their transactions according to their own research.
