Market Wrap: Stocks Rally on Possible Stimulus but Bitcoin Is Flat at $9.5K
At 00:00 UTC on Tuesday (8:00 p.m. Monday ET), bitcoin was changing hands around $9,414 on spot exchanges such as Coinbase. Bitcoin (orange), SP 500 (blue), Nikkei 225 (red), FTSE 1000 (green) since June 1Source: TradingView
A dip in bitcoin spot volumes
Traders in the crypto sector continue to talk about “weakness” in the market as spot exchanges like Coinbase see a dip in volume.
Indeed, after total bitcoin futures open interest on the 11 biggest exchanges spiked to almost $4 billion June 1, it has hovered around $3.5 billion for most of the month. Decentralized exchange volume the past 24 hoursSource: Dune Analytics The biggest cryptocurrency winners on the day include lisk (LSK) climbing 2.4%, qtum (QTUM) up 2.1% and stellar (XLM) in the green 1.6%.