ETH spot volumes at highest level since FTX collapse
According to a post from Kaiko, a leading source of cryptocurrency market data, analytics, indices, and research, dated Nov. 10 on X, spot volumes are on a positive uptrend. The promising numbers are believed to be a product of ETF excitement with news from BlackRock. A $6 billion spike Data shows that from lows of less than $1 billion in February of this year, spot volume , or the total amount of a particular asset or cryptocurrency that has been traded in the spot market within a specific timeframe has now exceeded $6 billion in November, after a volatile few months. #ETH spot volumes surged to their highest level since the FTX collapse boosted by ETF excitement. pic.twitter.com/WrSEiKVP0y — Kaiko (@KaikoData) November 10, 2023 In the same day, Ethereum (ETH), the second-largest digital asset by market capitalization, demonstrated a notable upswing on Nov. 9, hitting its 52-week peak at $2,137. You might also like: Kaiko reports Alameda gap still exists At prese