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Bitcoin reclaims $120K amid rise in exchange spot volumes
Bitcoin (BTC) briefly hit the $120,000 mark on Tuesday as rising spot trading volumes on exchanges and a spike in open interest (OI) signal further upside. Bitcoin's spot trading volumes on centralized exchanges surged following its all-time high rally last week, according to a report from CryptoQuant on Tuesday. Crypto exchange Binance recorded the largest increase in spot volume, jumping from $3.1 billion to $8.8 billion during the rally. Likewise, the combined volumes on other major platforms, including Coinbase, Crypto.com, Bybit, and OKX, climbed from $5 billion to $12.7 billion over the same period. Binance's ... (full story)
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