Bitcoin

<ul><li>CYBER contracts break records with a staggering $9.55 billion trading volume in just 24 hours, surpassing ETH.</li><li>Korean traders drive CYBER token&#39;s value up by 150% in just one week, with prices reaching $14.7 on Upbit.</li><li>Bitcoin remains stable at $26,021 amidst the crypto market frenzy, providing a reassuring anchor for investors.</li></ul>In a whirlwind 24 hours, the cryptocurrency market bore witness to a seismic shift, with CYBER perpetual contracts making waves as they surged to a remarkable $9.55 billion in trading volume. This meteoric rise, a staggering 210% increase, catapulted CYBER to the second position, trailing only behind the titans of the crypto world, BTC and ETH.<a href="https://coinmarketcap.com/currencies/cyberconnect/" rel="noopener noreferrer nofollow">CyberConnect (CYBER)</a> has experienced significant price volatility in the past 24 hours. As of the latest data, the live price of CyberConnect stands at $9.8, down by 1% in the last 24 hours. Though the current price shows a slight decline, the cryptocurrency holds a ranking of 155 on CoinMarketCap, with a market capitalization of $152,083,791.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c9b2d344694e45108c08f1993358d39c.png" />This extraordinary turn of events has firmly established CYBER&#39;s dominance, dethroning ETH as the trading volume on <a href="https://www.binance.com/en/trade/CYBER_TRY" rel="noopener noreferrer nofollow">Binance </a>alone skyrocketed to an astonishing $5.63 billion. Furthermore, the CYBER contract&#39;s open interest soared to an impressive $263 million, cementing its newfound status as a crypto powerhouse.Fueling this remarkable ascent were Korean traders, who fervently embraced the CYBER token, propelling it to a staggering 150% gain in just seven days. As a result, the token&#39;s value surged to approximately $14.7 on Upbit, while maintaining a still impressive $9.3 on Binance.However, this meteoric rise came with its own set of quirks, notably the annualized funding rate for CYBER U-based contracts. On major exchanges, this rate reached an unprecedented -500%, creating an unusual and tumultuous trading environment. Remarkably, the situation on Binance was even more astonishing, with a staggering -662% annualized funding rate, highlighting the unique and volatile nature of the cryptocurrency market.-Read full article at <a href="https://cryptotale.org/cyber-contracts-surge-breaking-records-with-9-55-billion-trading-volume/" rel="noopener noreferrer nofollow">CryptoTale.</a>

CYBER Contracts Surge, Breaking Records with $9.55 Billion Trading Volume

CryptoTale

Other articles published on Sep 2, 2023

MakerDAO Co-Founder Considers Solana for NewChain Implementation!

Ripple counters SEC, says XRP has intrinsic value

Shiba Inu (SHIB) Founder Ryoshi’s Connections to Vitalik Buterin – CCP & Wanxiang

Recent Research Portrays Tether USDT’s Intriguing Depeg in August

Zeebu to Host Exclusive Yacht Party Alongside Token2049 in Singapore

Can Bitcoin Defy the Expected September Slump? Bulls Eye $25,400 for Rally

Join our free newsletter for daily crypto updates!