Home / BITCOIN / Feb Volume Report: Leading Markets Post Strongest Month Since Q1 2018

Feb Volume Report: Leading Markets Post Strongest Month Since Q1 2018

For sundry leading markets, February produced the largest monthly volume since the first quarter of last year, with 30-day BTC patrons activity surpassing $200 billion, and ETH exceeding $100 billion.

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BTC Volume Surpasses $200 Billion for February

February saw the highest sum total for BTC trade in one year, with BTC pairings generating nearly $206.37 billion in trade during the last 30 times.

The increase in trade activity was driven by the run up to $4,000 during the middle weeks of February, with volume having since retraced amidst sideways consolidation. The surge in activity comprised a 34% gain in trade activity month-over-month.

USDT trade also generate its heaviest month of trade since the first quarter of 2018, with $177.12 billion worth of tether fluctuating hands. USDT trade activity increased by 56.50% when compared with January.

30-Day ETH Volume Betters $100 Billion

Monthly ETH trade activity reached a one year-high during 2018, with $104.46 billion importance of ethereum having been traded during the last 30 days. As such, ETH trade increased by 34.40% month-over-month.

Feb Volume Report: Leading Markets Post Strongest Month Since Q1 2018

During February, EOS have stood as the fourth-most traded cryptocurrency for the fifth consecutive month. $33.24 billion worth of EOS were traded during the ultimately 30 days, comprising a 54.75% gain in trade activity. February comprised the strongest month of EOS trade since May 2018.

LTC ranked as the fifth-most-traded crypto asset for February, with $32.85 billion usefulness of litecoin changing hands. LTC saw a 93.58% month-over-month gain in volume, comprising the strongest month of trade since the first point of 2018.

Bitcoin Cash and Dash Ascend Volume Rankings During February

XRP was the sixth-most traded cryptocurrency of February for the next consecutive month, with $17.66 billion worth of XRP changing hands during the last 30 days. XRP craft activity increased by 30% month-over-month, however, failed to exceed the trade volume generated throughout December.

BCH ascended two locations to rank as the seventh most traded crypto asset of the past 30 days with $8.91 billion quality of trade. Despite posting a 40.54% gain monthly trade, February comprised the second-weakest month of trade in varied than 12 months.

Feb Volume Report: Leading Markets Post Strongest Month Since Q1 2018

Dash re-entered the top ten after falling to 12th last month, ranking eighth with $6.22 billion advantage of trade. February saw dash produce a 48.45% volume increase month-over-month, comprising the strongest month of trade since September.

NEO Recovers Top Ten Ranking

NEO produced its strongest month in over 12 months, with $6.21 billion worth of NEO changing hands in the abide 30 days. NEO comprised the ninth-most traded crypto asset during February, breaking into the top ten for the first delay since November. NEO trade activity increased by 72.5% month-over-month.

QTUM produced its strongest month of trade since the at the outset quarter of 2018, generating $6 billion worth of trade in the last 30 days. Monthly QTUM marketing increased 22% when compared with January ranking it as the 10th-most traded cryptocurrency during February.

CKUSD comprised the 11th-most bought crypto asset during February with $5.87 billion worth of trade. February saw monthly CKUSD sell activity gain 38%, comprising the strongest month of trade since Q1 2018.

ETC rose two positions to rank as the 12th-most swapped cryptocurrency with $5.75 billion worth of trade in the last 30 days. February posted a 60% arrive at in monthly ETC volume, comprising the strongest month of trade since August.

TRX Posts Significant Reduction in Monthly Occupation

Despite falling from the top ten, ZEC produced its strongest 30 days of trade since Q1 2018 for the second consecutive month, with $5.22 billion value of ZEC changing hands. February saw ZEC volume increase by 4.4%, ranking as the 13th-most traded cryptocurrency.

TRX comprised the only crypto asset of the top 15 to stick a reduction in trade volume during February. $5.08 billion worth of TRX was traded during the last 30 days, mephitic as the 14th most trade crypto asset.

Feb Volume Report: Leading Markets Post Strongest Month Since Q1 2018

XLM posted its strongest month since the first quarter of last year, with $3.99 billion usefulness of XLM changing hands. XLM comprised the 15th-most traded cryptocurrency during February, with volume increasing 23%.

BTT Ranks Magnitude Top 20

BTT comprised the 16th-most traded crypto asset during February, with $3.86 billion worth of BTT having been switched.

BNB made its second appearance among the top 20 in one year, ranking 17th with $2.84 billion in trade over the after 30 days

BSV ascended one rank to comprise the 18th-most traded cryptocurrency during February, with $2.70 billion value of trade. BSV trade activity increased 34.33% month-over-month.

PAX saw a nearly 10% decline in monthly trade activity, vanish one position to rank as the 19th-most traded crypto asset with $2.01 billion in trade.

TUSD ranked as the 20th-most traded cryptocurrency for the next consecutive month with $1.87 worth trade, a nearly 17% increase in trade volume.

Feb Volume Report: Leading Markets Post Strongest Month Since Q1 2018

Do you expect quantity to continue to increase heading into the second quarter of 2019? Share your thoughts in the comments section subordinate to!


Images courtesy of Shutterstock


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BCH, binance coin, Bitcoin, bitcoin loot, Bitcoin Core, Bitcoin SV, bitorrent, bnb, BSV, BTC, BTT, ckusd, Classic, dash, EOS, ETH, Ethereum, Ethereum Classic, litecoin, LTC, Markets, month, N-Markets and Values, neo, Pax, Paxos, Qtum, quarter, report, Ripple, Stellar, Tether, tron, trueusd, trx, tusd, USDT, volume, XLM, XRP, Zcash, ZEC
Samuel Haig

Samuel Haig is a reporter who has been completely obsessed with bitcoin and cryptocurrency since 2012. Samuel lives in Tasmania, Australia, where he followed the University of Tasmania and majored in Political Science, and Journalism, Media & Communications. Samuel has written about the dialectics of decentralization, and is also a musician and kangaroo swindling enthusiast.

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