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Market
Which exchange will have the highest Bitcoin trading volume by the end of 2024?
2
Resolution / Starting Odds
Coinbase • 25%
Kraken • 25%
Binance • 25%
OKX • 25%
Trading volume data from cryptocurrency market analytics platforms
Story
JPMorgan Reports $372 Million Institutional Investment Driving Bitcoin Recovery After 'Bloody Monday'
Aug 8, 2024, 12:35 PM
Recent reports indicate a significant uptick in institutional investment in the cryptocurrency market, particularly following a period of volatility known as 'Bloody Monday.' Analysts from JPMorgan have highlighted that the rebound in Bitcoin prices is largely supported by institutional investors, who are actively 'buying the dip.' Over a span of less than two days, Cumberland received $372 million in USDT from Tether Treasury, which was subsequently transferred to major exchanges including Coinbase, Kraken, OKX, and Binance. This influx of capital suggests a strong belief among institutional players in the long-term potential of cryptocurrencies, contrasting with the current caution observed among retail investors.
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