{"id":42795,"date":"2024-08-08T09:46:56","date_gmt":"2024-08-08T09:46:56","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=42795"},"modified":"2024-08-08T10:00:01","modified_gmt":"2024-08-08T10:00:01","slug":"cryptocurrency-trading-volume-in-the-czech-republic-rose-by-a-fifth-to-czk-300-million-in-july","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/en\/cryptocurrency-trading-volume-in-the-czech-republic-rose-by-a-fifth-to-czk-300-million-in-july\/","title":{"rendered":"Cryptocurrency trading volume in the Czech Republic rose by a fifth to CZK 300 million in July"},"content":{"rendered":"\n

Czechs bought around CZK 300 million worth of cryptocurrencies in July, a fifth more than in the same month last year.<\/strong> Compared to June, this means a drop of about CZK 50 million.<\/strong> For the first seven months of the year, the volume of trades rose six percent year-on-year to CZK 2.55 billion.<\/strong> It follows from the data of the Bit.plus trader.<\/strong><\/p>\n\n\n\n

Quiet July<\/h2>\n\n\n\n

“Crypto trading in July took place in a rather quiet holiday mode.<\/strong> There was a noticeable wait in the market for a more significant impulse.<\/strong> The price of <\/strong>bitcoin<\/strong><\/a> increased by 2.8 percent to $64,620 during the month,” <\/strong>said Bit.plus CEO Martin Str\u00e1nsk\u00fd.<\/p>\n\n\n\n

According to Porto analyst Mark Pokorny, July was also a weaker month for other cryptocurrencies, most notably Ethereum, which lost six percent during the month to end July at US$3,231. “But like many other cryptocurrencies, it has had a good six months with a gain of 46 percent. The situation is reflected in the valuation of the entire cryptocurrency market, which has increased 35 percent since the beginning of the year to $2.29 trillion,” Pokorny noted.<\/p>\n\n\n\n

Ethereum ETF<\/h2>\n\n\n\n

Ethereum funds were launched in the US in July. “Ethereum is the second-largest cryptocurrency<\/a> after bitcoin, and the launch of ETFs was viewed with relative skepticism about investor interest. These concerns were allayed after the launch, and ethereum ETF trading volumes reached $1.1 billion on the first day. While that is roughly a quarter of the volumes bitcoin saw on the first day after its ETF launch, it is important to reflect that bitcoin has four times the market capitalization of ethereum,” said Wood&Company investment analyst Tomas Kacerovsky.<\/p>\n\n\n\n

It is certainly worth noting, according to Kacerovsk\u00fd, Donald Trump’s appearance at the bitcoin conference in Nashville, where he announced that he would clearly support cryptocurrencies as the eventual president and make the US a centre of innovation in this area. In response, there are already voices from the camp of his presidential rival, Kamala Harris<\/a>, whose party colleagues are calling for a rapprochement with the crypto<\/em> industry.<\/p>\n\n\n\n

Source:\u00a0Czech Press Office<\/p>\n","protected":false},"excerpt":{"rendered":"

Czechs bought around CZK 300 million worth of cryptocurrencies in July, a fifth more than in the same month last year. Compared to June, this means a drop of about CZK 50 million. For the first seven months of the year, the volume of trades rose six percent year-on-year to CZK 2.55 billion. It follows from the data […]<\/p>\n","protected":false},"author":2,"featured_media":42787,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[162],"tags":[93,94],"class_list":["post-42795","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","tag-cryptocurrencies","tag-czech-republic"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t