{"id":814,"date":"2021-08-25T07:30:50","date_gmt":"2021-08-25T07:30:50","guid":{"rendered":"https:\/\/ancstockinvestments.com\/blog\/?p=814"},"modified":"2021-08-25T07:31:24","modified_gmt":"2021-08-25T07:31:24","slug":"tether-hits-over-583-billion-weekly-trading-volume","status":"publish","type":"post","link":"https:\/\/ancstockinvestments.com\/blog\/2021\/08\/25\/tether-hits-over-583-billion-weekly-trading-volume\/","title":{"rendered":"Tether Hits Over $583 Billion in Weekly Trading Volume"},"content":{"rendered":"\n<p>The cryptocurrency market is booming, with Tether, the world\u2019s most used stable coin, hitting more than $583 billion in weekly trading volume.<\/p>\n\n\n\n<p>Tether\u2019s surge comes along with some digital coins reaching all-time highs despite the <a href=\"https:\/\/ancstockinvestments.com\/blog\/2021\/06\/23\/crypto-prices-crash-ahead-looming-death-cross\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">crypto price crash<\/a> in May.\u00a0<\/p>\n\n\n\n<p>While Tether, Bitcoin, and Ethereum still rule the crypto space as the three most-traded cryptocurrencies, some other digital coins also witnessed an increased trading volume in the last seven days.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Tether beats Bitcoin<\/strong><\/h2>\n\n\n\n<p>Although Bitcoin is still by far the most popular cryptocurrency in the world and its price movement has a strong impact on the rest of the market, it still wasn\u2019t the most-traded crypto on online exchanges.<\/p>\n\n\n\n<p>According to data from <a href=\"https:\/\/blockarabia.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Block Arabia<\/a>, Tether took that position ahead of Bitcoin, hitting over $583 billion, more than the other four cryptocurrencies combined.<\/p>\n\n\n\n<p>Statistics show the market cap of the world\u2019s most used stable coin tripled since the beginning of 2021, jumping from $21 billion in January to over $65 billion this week.<\/p>\n\n\n\n<div class=\"infogram-embed\" data-id=\"08a95bfa-443b-45df-86f7-26d45c8ced6f\" data-type=\"interactive\" data-title=\"Top 5 most traded cryptos in a week\"><\/div><script>!function(e,i,n,s){var t=\"InfogramEmbeds\",d=e.getElementsByTagName(\"script\")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(\"script\");o.async=1,o.id=n,o.src=\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\",d.parentNode.insertBefore(o,d)}}(document,0,\"infogram-async\");<\/script>\n\n\n\n<p>With $250.2 billion in 7-day trading volume, Bitcoin ranked as the second most-traded digital coin in the crypto space. Statistics also show the price of the world\u2019s most expensive cryptocurrency recovered significantly in the last month. <\/p>\n\n\n\n<p>After reaching an all-time high of over $62,500 in April, Bitcoin\u2019s price halved to around $32,500 at the end of July. However, this figure jumped by more than 52% in the last 30 days, <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/ancstockinvestments.com\/blog\/2021\/08\/23\/bitcoin-surpasses-50k-mark-after-months-weakness\/\" target=\"_blank\">crossing $50,000<\/a> this week.<\/p>\n\n\n\n<p>Ethereum ranked as the third most-traded crypto last week, with $184 billion in 7-day trading volume. Also, statistics show the world\u2019s second-largest crypto witnessed one of the most significant market cap increases this year. According to CoinMarketCap data, the combined value of all Ethereum coins surged by a massive 368% YTD to $392.5 billion.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Join our\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.community.ancstockinvestments.com\/\" target=\"_blank\">Trading Community<\/a>\u00a0for more signals!<\/h5>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Dogecoin misses top 5 list<\/strong><\/h2>\n\n\n\n<p>Although Dogecoin, without a doubt, is the <a href=\"https:\/\/ancstockinvestments.com\/blog\/2021\/06\/10\/dogecoin-becomes-3rd-most-traded-crypto-may-2\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">fastest-growing digital coin<\/a> in the crypto space this year, the original meme coin wasn\u2019t among the five most-traded cryptos last week.<\/p>\n\n\n\n<p>With $56.8 billion in 7-day trading volume, XRP ranked fourth in the list, one spot above Binance USD as the fifth most-traded crypto. Statistics show the two digital coins hit over $50 billion in weekly trading volume, or around 45% more than Dogecoin, which ranked seventh.<\/p>\n\n\n\n<p>However, the popular meme coin still convincingly leads in YTD market cap growth. Statistics show the combined value of all Dogecoins soared by a staggering 6,800% since the beginning of 2021, reaching $41.4 billion this week. That\u2019s eighteen times the growth rate of Ethereum or 93 times more than the growth of Bitcoin in this period.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Join our\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.community.ancstockinvestments.com\/\" target=\"_blank\">Trading Community<\/a>\u00a0for more signals!<\/h5>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market is booming, with Tether, the world\u2019s most used stable coin, hitting more than $583 billion in weekly trading volume.<\/p>\n","protected":false},"author":3,"featured_media":815,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"content-type":"","inline_featured_image":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,3,10],"tags":[30,169,170],"series":[],"ppma_author":[463],"class_list":["post-814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-investments","category-stock","tag-cryptocurrency","tag-tether","tag-trading-volume"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tether Hits Over $583 Billion in Weekly Trading Volume<\/title>\n<meta name=\"description\" content=\"The cryptocurrency market is booming, with Tether, the world\u2019s most used stable coin, hitting more than $583 billion in weekly trading volume.\" \/>\n<meta name=\"robots\" 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