Bitcoin’s hold above $35,000 and positive expectations from the financial world regarding spot ETFs also had a positive impact on altcoin prices.
Kaiko, a company that provides data and analytics in cryptocurrencies, drew attention to the increase in spot volumes in altcoins and ether in its latest post.
The company used the following statements in its graphic post on X:
“The volume of altcoins is increasing. Along with altcoins, the spot volume rate in Ether surged to 60% of that of Bitcoin for the first time in more than a year.
TOTAL3 has also increased
It appears that there has also been an increase in TOTAL3, which is one of the most important parameters followed for altcoins. TOTAL3, which shows the value of remaining altcoins excluding only Bitcoin and Ether market caps, has increased by 40% since the beginning of the year. The value of TOTAL3, which has increased by 30% in the past month, is approximately $410 billion…
The market cap of Bitcoin is approximately $710 billion.
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