Asia Powers 60% of Crypto Liquidity, Boosts Market Sentiment
- Bitcoin, Solana, and Ethereum rallied during Asian trading hours, signaling strong bullish momentum.
- Asian markets fuel 60% of global crypto liquidity, cementing the region’s dominance.
- Singapore processed $1 billion in crypto transactions in Q2 2024, doubling licenses year-over-year.
Crypto analyst Marty Party has stated that Asian markets are “opening hot,” due to rapid adoption and high liquidity. The region plays a key role in the global cryptocurrency market, contributing 60% of liquidity and leading in adoption rates.
Marty Party shared a chart that shows notable market activity for several cryptocurrencies against USDT. Let’s break down the key trends.
Bitcoin is currently trading at $94,129 and shows a strong upward movement toward 99,000, with support near 90,600. This suggests bullish sentiment. Solana is also gaining momentum, climbing from 178 to near 199. However, the token has dropped by 4% to $177.5.
Meanwhile, SUI price is consolidating within a range of $4.5 to $5.4 USDT, following a recent breakout. This price action may be due to increase…
The post Asia Powers 60% of Crypto Liquidity, Boosts Market Sentiment appeared first on Coin Edition.
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BlackRock Buys More Ethereum Than Bitcoin, Signaling Big Shift Toward Altcoins
Asia Powers 60% of Crypto Liquidity, Boosts Market Sentiment
- Bitcoin, Solana, and Ethereum rallied during Asian trading hours, signaling strong bullish momentum.
- Asian markets fuel 60% of global crypto liquidity, cementing the region’s dominance.
- Singapore processed $1 billion in crypto transactions in Q2 2024, doubling licenses year-over-year.
Crypto analyst Marty Party has stated that Asian markets are “opening hot,” due to rapid adoption and high liquidity. The region plays a key role in the global cryptocurrency market, contributing 60% of liquidity and leading in adoption rates.
Marty Party shared a chart that shows notable market activity for several cryptocurrencies against USDT. Let’s break down the key trends.
Bitcoin is currently trading at $94,129 and shows a strong upward movement toward 99,000, with support near 90,600. This suggests bullish sentiment. Solana is also gaining momentum, climbing from 178 to near 199. However, the token has dropped by 4% to $177.5.
Meanwhile, SUI price is consolidating within a range of $4.5 to $5.4 USDT, following a recent breakout. This price action may be due to increase…
The post Asia Powers 60% of Crypto Liquidity, Boosts Market Sentiment appeared first on Coin Edition.
Read More