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Crypto Bulls Fighting Back? Market Sees Green After Sell-Off
The cryptocurrency market flashed green Wednesday following a major downturn.
Oleh Sam Ouimet
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The cryptocurrency market is flashing green Wednesday following a major downturn, with the total capitalization rising more than $11 billion on a 24-hour basis.
The signs of a turnaround emerge in the wake of a rough patch for the market, during which it hit its lowest point for 2018, as CoinDesk previously reported.
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At press time, bitcoin, the world's biggest cryptocurrency by market capitalization, is trading hands at an average of $6,349 – a considerable improvement from yesterday, when the price hit a low of $5,921.65, according to the CoinDesk Bitcoin Price Index (BPI).
Bitcoin hit a high of $6,612.73 during Wednesday's session, BPI data shows.
A turnaround for the world's second largest cryptocurrency by market capitalization, ether is perhaps most notable given the severity of its recent market free fall.
The price of ETH fell from $407 on August 7th to a low of $257 yesterday – a more than 36 percent week-to-week depreciation, according to CoinDesk's Ether Price Index (EPI). Ether's plummet made it next to impossible for many cryptocurrencies to show positive growth in BTC value.
Sellers of the cryptocurrency have since taken a breather, allowing for a more than 12 percent relief rally in price to occur (by press-time prices). The EPI is reporting a price of roughly $289 at time of writing.
The rest of the market immediately followed suit, bringing the total market capitalization at one point back above the $212 billion mark from a more than eight-month low. As of the time of writing, that figure is hovering around $205 billion.
All of the top 10 cryptocurrencies by market capitalization are currently reporting 24-hour gains above 4 percent with the exception of stellar lumens. What's more, ETH, XRP, Monero, and EOS are all posting gains of above 8 percent, with ETH leading the pack for price growth in the past 24 hours, according to CoinMarketCap.
Disclosure: The author holds BTC, AST, REQ, OMG, FUEL, 1st and AMP at the time of writing.
Image via Shutterstock
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Yang perlu diketahui:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.
What to know:
- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
- Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
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