BTC market Update
According to Kaiko research on 9 major exchanges, Bitcoin's 1% market depth has dropped significantly from approximately $150 million on August 1, 2024, to $86 million as of Monday morning, August 5, 2024. This represents a decrease of over 40% in market depth.
Concurrently, Bitcoin's price experienced a sharp decline, falling to $49,760, which marks a 10% plus drop in a single day.
This price decrease is part of a broader downward trend in the cryptocurrency market, with Bitcoin losing nearly 20% of its value over the past week.
Another way to resolve this issue, you can start providing liquidity to the market or buy BTC with your cold currency.
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