- Joined
- Oct 30, 2024
- Messages
- 30
- Reaction score
- 12
- Points
- 8
Interest in cryptocurrencies surged in October 2024, with web traffic to the top 20 crypto exchanges rising by 8%, driven by the U.S. presidential election, hopes for a new bull run, and the “Uptober” trend.
Data from ICO Analytics shows that Pump Fun led the growth with a 100% increase in traffic, followed by BullX at 78% and Uniswap at 42%. Major exchanges like Binance, WhiteBit, and Coinbase recorded the highest total visits.
The 2024 election and pro-crypto stance of President-elect Donald Trump have fueled optimism.
His favorable views on Bitcoin and blockchain, alongside past policies supporting digital assets, have investors hopeful for further crypto-friendly regulations.
Statements like making Bitcoin a strategic reserve asset have excited the market, as has a record $4.1 billion trading volume for BlackRock’s Bitcoin ETF. Additionally, stablecoin inflows reached $9.3 billion, and Ethereum regained momentum, breaking the $3,000 mark.
Overall, October’s traffic surge to crypto exchanges and the bullish sentiment around Trump’s win point to the early stages of a new bull run.
Data from ICO Analytics shows that Pump Fun led the growth with a 100% increase in traffic, followed by BullX at 78% and Uniswap at 42%. Major exchanges like Binance, WhiteBit, and Coinbase recorded the highest total visits.
The 2024 election and pro-crypto stance of President-elect Donald Trump have fueled optimism.
His favorable views on Bitcoin and blockchain, alongside past policies supporting digital assets, have investors hopeful for further crypto-friendly regulations.
Statements like making Bitcoin a strategic reserve asset have excited the market, as has a record $4.1 billion trading volume for BlackRock’s Bitcoin ETF. Additionally, stablecoin inflows reached $9.3 billion, and Ethereum regained momentum, breaking the $3,000 mark.
Overall, October’s traffic surge to crypto exchanges and the bullish sentiment around Trump’s win point to the early stages of a new bull run.
