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Bitcoin (BTC) investors are back using the blockchain as Bitcoin’s transaction volume surged, breaking a four-month downtrend . Meanwhile, the crypto exchange‘s flow and social context indicators suggest people are buying the recent price dip. Previously, a transaction volume uptrend sent Bitcoin’s price from $26,500 to the $73,800 all-time high. BTC then consolidated in a four-month price range. As this developed, the transaction volume indicator entered a downtrend , which the cryptocurrency just broke from July 3 to 5. Finbold gathered this data from Santiment on July 6, as shown in the following chart. Notably, the network moved over 750,000 BTC on July 4, while exchange outflows peaked at a month’s high. Picks for you Bitcoin price prediction: BTC 'must close' above this level to resume bull ru...

In December, decentralized exchanges on the Solana blockchain collectively achieved $28 billion in total volume . The Solana decentralized exchange (DEX) ecosystem, comprising various platforms, contributed to the blockchain’s robust performance in the past month. BREAKING: @solana DECEMBER DEX VOLUME BREAKS $28 BILLION pic.twitter.com/TaxfKkdxRL — DEGEN NEWS ️ (@DegenerateNews) January 1, 2024 You might also like: Solana’s road to next all-time high: analyst explains Raydium, the leading DEX on Solana, reported a weekly decline of 42.6%, with a 24-hour volume of $224.1 million and a seven-day volume of $2.4 billion. Despite a dip in weekly performance, Raydium maintained its dominance, representing 41.1% of the total cumulative volume , reaching $53.6 billion. Orca and Lifinity secured the second and third positions, with weekly dips of 19.7% and 11.7%, respectively. Orca recorded a 24-hour volume of $209 million and a seven-day volume of $2.6 billion, w...

Market interest in Terra Classic (LUNC) has risen with a spike in volume as $113 million is added to its capitalization in one day. LUNC ranks among the best performers in multiple time frames. Notably, LUNC registers a 24-hour volume of $371.88 million, 53.28% of its $669.85 million market cap. Both cryptocurrency trading metrics highlight the token’s notable daily performance. In particular, considering a previous $296 million volume and $556 million market cap 24 hours ago. Terra Classic (LUNC) volume and market cap. Source: CoinMarketCap Meanwhile, Terra Classic is also featured among the top cryptocurrency gainers, according to CoinMarketCap ’s index. LUNC is ranked first as the top gainer of the day and second as the top gainer of the week. Terra Classic (LUNC) price analysis At the time of publication, LUNC was changing hands by $0.000116, surging 18% in the day and with 59% weekly accumulated gains. The price surge follows the increased interest reflected by t...

Coinbase, a cryptocurrency exchange, reported a net loss of $2 million in Q3 2023 despite rising revenue and a drop in trading volume , according to details of the recent shareholders letter circulated on Nov. 2.  However, the exchange reduced its net loss compared to the same period last year, which was $545 million.  The company’s total revenue was $674.1 million, an increase of 14.2% compared to last year, with $334.4 million coming from subscriptions and services, and $288.6 million from transaction revenue. You might also like: Coinbase unveils crypto futures trading for eligible US traders Consumer trade volume was $11 billion, while institutional trading volume s were $65 billion, an improvement from the previous quarter.  Although trading volume s have been falling for five consecutive quarters, the exchange is optimistic. It expects an improvement by the end of Q4 2023. “Q3 was a strong quarter for Coinbase. Amid multi-year low levels of vola...