Bitcoin is Stuck at $28k and Needs a Pullback to Move Higher
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Crypto News
According to CCData, trading volumes on centralised crypto exchanges reached $3.81 trillion in March, the highest since September 2022. Trading volumes on the cash market rose 10.8% to $1.04 trillion, while the derivatives market jumped 32.6% to $2.77 trillion.
Cryptocurrencies will reduce transaction costs for remittances by 97%, according to a study by Coinbase. Americans sending money overseas collectively pay more than $12 billion in fees each year.
The market capitalisation of the Tether stablecoin has surpassed $80 billion, rising by $15 billion in the first three months of 2023 to a record high since May 2022.
by FxPro’s Senior Market Analyst Alex Kuptsikevich
