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Bitcoin trading volume skyrockets three days ahead of attempted coup in Russia

June 26, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Fast Take

Over the weekend, information broke of an tried coup in Russia. Regardless of its decision by the tip of the weekend, this information drew widespread consideration.

This incident coincided with a spike in buying and selling for the USDT/RUB foreign money pair. The buying and selling quantity for this pair climaxed at $8.53 million, marking probably the most appreciable quantity for the reason that FTX market crash in November of the earlier 12 months.

Intriguingly, three days previous to the reported coup, on Wednesday, June 21, there was a considerable spike in Bitcoin (BTC) quantity traded with the RUB. It escalated to $2.21 million, the very best for the reason that SVB market downfall in March. This displays a surge in buying and selling exercise linked to geopolitical occasions.

BTC/RUB: (Source: The Block)
BTC/RUB: (Supply: The Block)
USDT/RUB: (Source: The Block)
USDT/RUB: (Supply: The Block)

The put up Bitcoin buying and selling quantity skyrockets three days forward of tried coup in Russia appeared first on CryptoSlate.

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Tags: AheadAttemptedBitcoincoupDaysRussiaSkyrocketsTradingVolume
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