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The cryptocurrency market has seen significant developments this week, with Bitcoin surpassing $60,000 and a notable increase in trading activity across various altcoins. PowerTrade reported a surge in altcoin option trading volume, reaching $11.8 million between September 10-12, with SOL, DOGE, POL, BNB, XRP, and BCH being the most traded. Additionally, Grayscale announced the launch of an XRP trust and is eyeing a potential spot ETF in the US. Standard Chartered predicts Bitcoin could hit a record high by the end of the year. The market capitalization of the cryptocurrency market stands at $2.20 trillion, with Bitcoin's dominance at 53.86%. The Fear & Greed Index is at 50, indicating a neutral sentiment. Crypto majors have bounced alongside stocks and gold following the CPI release.
📈Market Overview #Bitcoin trades above $60K. The top-10 cryptos are traded in green zone: $TON +4.55% $BTC +3.35% $ETH +2.79% Market capitalization: $2.20T (+2.68%) The #BTC dominance: 53.86% (+0.71%) Fear & Greed Index: 50 (Neutral) 👉 Top Gainers SPX6900 $SPX +58.2%… https://t.co/lMZ9DYQsNT
Bitcoin exploded above $60,000 and it seems the bulls are back in control. This has led to a strong uptick in BTC, ETH, and altcoin options activity, particularly POL, SOL, TON, and XRP. Our two election altcoins, TRUMP and KAMA, are seeing good first-client participation.… https://t.co/5QPkB10o2u
PowerTrade Altcoin Option Flows: 10-12 Sep Altcoin option trading volume reached $11.8M notional between 10-12 of September. The trading activity was concentrated in SOL (50% of trades), DOGE (13%), POL (10%), BNB (9%), XRP (8%), BCH(6%) and KAMA(4%). https://t.co/Ls2FnIGJDg
