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Title: Történelmi csúcsot döntött a havi kriptokereskedési volumen a CEX tőzsdéken
The monthly cryptocurrency trading volume has reached a historic high on the CEX exchange, following a third consecutive month of growth. This surge in activity is being driven by market participants seeking to hedge against volatility, as evidenced by the extreme liquidations seen over the past few weeks.
According to data, this marks the third consecutive month of increased derivatives trading volumes, with the latest figures showing an unprecedented level of trading activity. The Bitcoin price peak at $108,249 on December 17th further fueled the growth, as investors sought to capitalize on the asset’s upward trajectory.
However, despite the remarkable volume growth, the market witnessed a series of massive liquidations, with over $1 billion in notional value being wiped out in just one day. The sudden and drastic price correction following the FOMC chair Jerome Powell’s comment that the economy does not currently warrant interest rate cuts has left many market participants scrambling to adjust their positions.
Despite the recent turmoil, the CEX exchange remains optimistic about the prospects of a potential interest rate cut in 2025. The January Consumer Price Index (CPI) report showing lower-than-expected inflation rates has sparked renewed speculation that the Federal Reserve may reconsider its stance on monetary policy.
The market is now eagerly awaiting the Fed’s decision on interest rates, scheduled for January 29th. Should the central bank decide to cut rates, it could further fuel the current bullish momentum and push the Bitcoin price higher still.
Source: www.bitcoinbazis.hu
