the MVIS CryptoCompare Digital Assets 100 Index shed about 1% in that period versus losses of 6% for global bonds, over 10% for world stocks and 11% for commodities.
The MVIS CryptoCompare Digital Assets 100 Index has added 7.3% since the end of June, whereas stocks, bonds, commodities and gold suffered losses.
According to data compiled by data analytics platform CryptoCompare, bitcoin-USDT trading volume in bitcoin has roughly doubled since May, when the stablecoin’s peg to the dollar was briefly lost as a result of growing selling pressure in the wake of crashing crypto prices.
"The funding rate disparity between ETH and BTC has switched, as investors hedge themselves against the possibility of an underwhelming receipt of the Merge," James Webb, research associate at London-based data aggregator and index provider CryptoCompare, said.
CryptoCompare shows USDC’s bitcoin and ether trading volume on Binance has been growing steadily during the second half of this year, following a quiet start to the year.
Coinbase’s market share fell to 6.3% in July from 10.7% in January, as measured by global spot trading volume among the top 15 crypto exchanges, according to data from CryptoCompare.
Per CryptoCompare, Ethereum’s cumulative AuM rose by 44.6% to $6.57 billion. Bitcoin’s AuM, on the other hand, rose 16.9% to $18.6 billion.
Cryptocurrencies are trying to recover from a rout this year that's wiped more than 50% off the MVIS CryptoCompare Digital Assets 100 index.
Bitcoin BTCUSD –1.18% and other cryptocurrencies were rallying on Thursday as investors piled back into risk-sensitive assets following the Federal Reserve’s latest decision on monetary policy.
Binance’s spot-trading market share rose to 49.7% in June from 45% in January, according to data from research firm CryptoCompare.
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