Cryptocurrency Market Update: June 30th, 2023
Today's top gainers in the cryptocurrency market are Kaspa, Rollbit token, Arweave, and WEMIX. These digital assets have demonstrated significant price increases over the past 24 hours.
In other news, Bitcoin's weekend trading volume has reached a record low of 16% this year, marking a notable decline from the 28% observed in 2019. This decrease can be attributed to the growing popularity of Bitcoin exchange-traded funds (ETFs). Approved by the Securities and Exchange Commission (SEC) in early 2024, these ETFs have contributed to Bitcoin reaching a record high of $73,798 in March of that year.
Unlike traditional cryptocurrency exchanges, Bitcoin ETFs operate within the framework of the stock market, providing investors with an alternative and potentially more regulated means of participating in the cryptocurrency market.