{"id":27667,"date":"2024-08-26T12:30:46","date_gmt":"2024-08-26T09:30:46","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27667"},"modified":"2024-08-26T10:43:09","modified_gmt":"2024-08-26T07:43:09","slug":"upbit-sees-unusual-surge-in-volume-altcoins","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/upbit-sees-unusual-surge-in-volume-altcoins\/","title":{"rendered":"Upbit Sees Unusual Surge in Trading Volumes for Select Altcoins"},"content":{"rendered":"

Upbit<\/strong>, the biggest bitcoin exchange in South Korea<\/strong>, has lately seen an increase in trading activity across numerous cryptocurrencies with volumes well above their typical. All of which saw notable rises in trade volumes, this odd surge has attracted interest in cryptocurrencies such Siacoin (SC), EOS, Jupiter (JUP), Icon (ICX), and Bitcoin Gold (BTG).<\/p>\n

On Upbit, a 1-hour chart, Siacoin<\/strong> showed a notable growth; the average 50-period 1-hour volume jumped 211.43% from $46 million to $143 million. Binance saw a somewhat little 41.13% rise as volume moves from $17 million to $24 million. On Upbit, EOS<\/strong> had a 268.31% surge in trading volume; Binance saw a less change of 33.91%.<\/p>\n

On Upbit, Jupiter (JUP)<\/strong> witnessed a 122.61% spike in trading volume; Binance only saw a 12.31% boost. On Upbit is 1-hour chart, trade volume soared 163.12%, from $127,000 to $333,000; Icon (ICX)<\/strong> also showed a clear rise. Binance shockingly observed a 17.61% decline in ICX transaction volume ranging from $240,000 to $197,000.<\/p>\n

On the 4-hour chart, Bitcoin Gold (BTG)<\/strong> saw the most dramatic jump among Upbit tracking an amazing 540.54% increase in transaction volume. By comparison, Binance’s BTG trading volume fell 31.93%.<\/p>\n

These significant variations in trading activity between Upbit and Binance have attracted traders’ and analysts’ assumption and attention as the causes of these unexpected surges are still unknown.<\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i>Telegram, <\/span><\/i><\/a>YouTube<\/span><\/i><\/a>, and <\/span><\/i>Twitter<\/span><\/i><\/a> channels for the latest <\/span><\/i>news<\/span><\/i><\/a> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Upbit, the biggest bitcoin exchange in South Korea, has lately seen an increase in trading activity across numerous cryptocurrencies with volumes well above their typical. All of which saw notable rises in trade volumes, this odd surge has attracted interest in cryptocurrencies such Siacoin (SC), EOS, Jupiter (JUP), Icon (ICX), and Bitcoin Gold (BTG). On<\/p>\n","protected":false},"author":6,"featured_media":27668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,11,1,7],"tags":[3121,3227,8162,3110,8161,1999,1438],"class_list":["post-27667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-exchange-news","category-genel","category-market-analysis","tag-bitcoin-gold-btg","tag-eos","tag-icon-icx","tag-jupiter-jup","tag-siacoin","tag-south-korea","tag-upbit"],"yoast_head":"\nUpbit Sees Unusual Surge in Trading Volumes for Select Altcoins - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/upbit-sees-unusual-surge-in-volume-altcoins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Upbit Sees Unusual Surge in Trading Volumes for Select Altcoins - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Upbit, the biggest bitcoin exchange in South Korea, has lately seen an increase in trading activity across numerous cryptocurrencies with volumes well above their typical. All of which saw notable rises in trade volumes, this odd surge has attracted interest in cryptocurrencies such Siacoin (SC), EOS, Jupiter (JUP), Icon (ICX), and Bitcoin Gold (BTG). 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