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Bitcoin’s Market Depth Increased by 16%, What Does It Mean?

Published 21/02/2024, 18:38
© Reuters.  Bitcoin’s Market Depth Increased by 16%, What Does It Mean?
BTC/USD
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BITO
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Coin Edition -

  • Crypto data provider Kaiko announced a 19% increase in Bitcoin market depth.
  • The data provider reported an increase in Bitcoin trade volume.
  • Net inflow into Spot Bitcoin ETFs was $135 million on February 20.

With Bitcoin maintaining its position above $50,000, recent data indicates an increase in market depth. Despite experiencing a dip to $38,555 after the launch of spot Bitcoin ETF products on January 11, BTC later recovered.

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