Token

Bitcoin

Huobi Token

Daily

<div class="coinjournal">
 <ul class="decimal_type">
  <li>Huobi Token (HT) rises to a five-month high.</li>
  <li>Today’s surge has broken a 12-month downtrend.</li>
  <li>Daily trading volume for HT reaches $33.1 million, the highest in months.</li>
 </ul>
 <p>The native cryptocurrency&nbsp;of crypto exchange HTX, <a rel="noopener noreferrer nofollow" title="Huobi" href="https://thebittimes.com/tag/huobi.html">Huobi</a> Token (HT), has seen a remarkable surge in its price, reaching a five-month high of $3.035.</p>
 <p>This sudden price <a rel="noopener noreferrer nofollow" title="increase" href="https://thebittimes.com/tag/increase.html">increase</a> comes on the heels of a period where HT experienced a persistent 12-month downtrend. In 2021, HT reached an all-time high of $34.80 but has struggled to regain that momentum.</p>
 <div class="fr-img-space-wrap"><span class="fr-img-caption fr-fic fr-dib fr-draggable"><span class="fr-img-wrap"> <p><img decoding="async" src="https://cdn.thebittimes.com/images/2023/11/09/c816f5184504d4eb417309ad4874bba1.webp" class="fr-fic fr-dib" width="615" height="231"><span class="fr-inner"><em>Huobi Token price chart</em></span></p> <p></p></span></span>
  <p class="fr-img-space-wrap2">&nbsp;</p>
 </div>
 <h2 id="record-breaking-trading-volume">Record-breaking trading volume</h2>
 <p>The surge in Huobi Token’s price is accompanied by a substantial increase in its trading volume.</p>
 <p>Daily trading volume for HT has hit $33,120,880, marking the highest volume trading day since February. This significant uptick in trading activity is a stark contrast to the previous week when trading volumes ranged between $2 million and $5 million, with HT trading around $2.40.</p>
 <p>Most of this recent <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> activity took place on the HTX exchange itself, with the HT/USDT <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> pair reaching $26 million in <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> over the past 24 hours.</p>
 <p>The exact reasons behind this surge remain uncertain. <a rel="noopener noreferrer nofollow" title="Huobi" href="https://thebittimes.com/tag/huobi.html">Huobi</a> advisor Justin Sun expressed his lack of knowledge regarding the cause. However, this surge coincides with a broader sense of optimism in the altcoin market, likely driven by hopes for the approval of a spot Bitcoin (BTC) Exchange-Traded Fund (ETF) by the US Securities and Exchange Commission (SEC).</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/huobi-token-ht-rises-amidst-increased-trading-volume-tbt69655.html">https://thebittimes.com/huobi-token-ht-rises-amidst-increased-trading-volume-tbt69655.html</a></p>

Huobi Token (HT) rises amidst increased trading volume

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TheBitTimes

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