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Altcoin trading volume is off its first-half highs. Here's what it will take to get it back

September 2, 2023
Source: cnbc.com cnbc.com
News Snapshot:
Altcoin trading is limping along, despite initially getting a boost from a key July court ruling that gave Ripple a partial victory over the Securities and Exchange Commission. Altcoin trade volume — which excludes bitcoin, ether and Ripple's XRP — has struggled to reclaim pre-May levels, according to crypto data firm Kaiko. The Ripple ruling came July 13 and fueled a sharp, broad crypto market rally as it gave investors hope that if XRP may not always be deemed a security, then the same may apply to altcoins. That "marginal" risk reduction is reflected in the bitcoin dominance , a...
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Tags: bitcoin | blockchain | BTC | capital | China | CNBC | commission | court | crypto | cryptocurrency | currency | data | Dollar | ETF | finance | financial | fintech | Founder | HERE | investor | IT | management | New York | research | SEC

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