DEX Trading Volume Increases by Approximately 34% from Janua | LouisKCrypto on Binance Square

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DEX Trading Volume Increases by Approximately 34% from January to This Month 
DEX trading volume has shown slow and steady growth in 2024, rising from $133.5 billion in January to $179.5 billion this month, marking an increase of approximately 34%.
#dex  #tradingvolume  #Crypto  #Blockchain  #FinancialNews 

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Montenegro Court Facilitates Extradition of Do Kwon to South Korea On August 1, according to Bloomberg, Montenegro's appellate court upheld the decision to extradite Do Kwon, co-founder of Terraform Labs Pte., to his home country of South Korea, rejecting the request to extradite him to the U.S. Thursday's ruling is the latest in a series of decisions for Montenegro, which is facing dual requests from the U.S. and South Korea for the extradition of the disgraced crypto mogul. The Podgorica court stated in a Thursday statement that there were no appeals against the decision. The ruling also maintained the expedited extradition procedures previously issued by another Montenegrin court. After the ruling was announced, Do Kwon's lawyer, Goran Rodic, told Bloomberg that Montenegro would arrange the extradition with the assistance of Interpol and expressed hope that the process could be completed "as soon as possible." #Montenegro #DoKwon #SouthKorea #cryptonews #Bloomberg

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Bitcoin Drops Below $63,000 Amid Market Uncertainty and Regulatory Concerns Several factors could have contributed to the recent decline in Bitcoin's price below $63,000: Market Sentiment: Negative sentiment in the overall cryptocurrency market can cause a sell-off. This can be triggered by various news events, regulatory concerns, or macroeconomic factors. Regulatory News: Any new regulations or government actions against cryptocurrencies, such as crackdowns on exchanges or restrictions on crypto activities, can lead to a decrease in price. Technical Factors: Bitcoin's price is highly influenced by technical analysis. If it breaks a significant support level, it can lead to further selling pressure. Whale Activity: Large holders of Bitcoin (whales) selling significant amounts can influence the market. The movement of large amounts of Bitcoin to exchanges can indicate potential sell-offs. Economic Data: Broader economic data, such as inflation rates, interest rate changes, and economic performance indicators, can impact investor confidence in risk assets like cryptocurrencies. Market Corrections: After periods of significant gains, the market often experiences corrections. This can be part of a natural market cycle where prices adjust before potentially moving higher again. Hack or Security Breach: News of hacks, security breaches, or significant losses in cryptocurrency platforms can also lead to a loss of confidence and subsequent selling. Without specific news pointing to the exact cause, it's likely a combination of these factors contributing to the recent price drop. $BTC #Bitcoin❗ #BTC☀ #cryptonews #Blockchain

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Bitcoin Falls Below $63,000 On August 1, according to HTX market data, Bitcoin has fallen below $63,000, decreasing by 5.41% in the past 24 hours. $BTC #Bitcoin❗️ #BTC☀ #MarketUpdate #cryptomarket #Blockchain

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