Bitcoin Volume Skyrockets Ahead Of Russia Coup
An attempted coup in Russia was revealed over the weekend. Despite the fact that it was resolved by the end of the weekend, this news drew a lot of attention.
This incident occurred during a period of increased trading for the USDT/RUB currency pair. The trading volume for this pair peaked at $8.53 million, the highest since the FTX market crash in November of the previous year.
Surprisingly, three days before the reported coup, on Wednesday, June 21, there was a significant increase in Bitcoin (BTC) volume traded against the RUB. It grew to $2.21 million, the most since the SVB market crash in March. This reflects an increase in trading activity associated with geopolitical events.
(With inputs from Shikha Singh)
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