Overview

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• Total trading volume at $631.0 million – largest single trading volume day since May 7th ($761.7 million). This puts the weekly trading volume at double of last week, and moves the 30-day average to 2% higher than last month.
• The large trading activity was a result of Bitcoin bolting through $10,000 to $11,000 in a span of about 20 hours. XBT/USD closed the day up 11% and had returns over USD and EUR during the day as high as 14%.
• Bitcoin’s impressive rise is extra interesting as the crypto markets were polarized against USD. Some cryptos such as Litecoin (+11%), Bitcoin Cash (+8.5%), and Zcash (+6.0%) had a great day, but some others, such as Compound (-14%), Kava (-11%), and Algorand (-10%) did not.

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July 27, 2020   $631.0M traded across all markets today  Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD
XBT  $11042.  ↑11%  $408.0M	ETH  $322.36  ↑3.4%  $128.8M	USDT  $1.0019  ↑0.12%  $25.7M	ADA  $0.1391  ↓6.6%  $16.7M	LINK  $7.1135  ↓5.3%  $13.4M
XRP  $0.2246  ↑4.3%  $13.4M	XTZ  $2.8274  ↓5.3%  $12.3M	BCH  $269.05  ↑8.5%  $10.7M	LTC  $53.309  ↑11%  $10.3M	USDC  $0.9999  ↑0.0%  $4.74M
XLM  $0.0948  ↓4.4%  $3.3M	XMR  $78.690  ↑0.7%  $3.12M	ALGO  $0.2880  ↓10%  $2.65M	EOS  $2.8501  ↑4.9%  $2.23M	ATOM  $3.5934  ↓5.8%  $1.83M
ETC  $7.1315  ↑6.8%  $1.67M	REP  $20.447  ↓9.3%  $1.65M	ZEC  $70.789  ↑6.9%  $1.57M	DAI  $1.0142  ↑0.4%  $1.42M	BAT  $0.2485  ↓2.4%  $1.28M
XDG  $0.0031  ↓2.2%  $1.11M	KAVA  $2.0825  ↓11%  $1.02M	PAXG  $1975.4  ↑3.1%  $938K	OMG  $1.5776  ↓3.0%  $873K	DASH  $77.728  ↑3.1%  $872K
WAVES  $1.4768  ↓3.2%  $754K	KNC  $1.3755  ↓9.1%  $698K	ICX  $0.3712  ↓4.1%  $683K	COMP  $135.91  ↓14%  $485K	TRX  $0.0187  ↑1.1%  $483K
OXT  $0.1697  ↓7.4%  $447K	NANO  $0.9307  ↓3.0%  $399K	SC  $0.0030  ↓3.2%  $384K	QTUM  $2.3247  ↓1.5%  $327K	MLN  $13.402  ↑2.0%  $274K
LSK  $1.2351  ↓2.8%  $239K	GNO  $29.954  ↓3.8%  $171K	STORJ  $0.1683  ↓7.2%  $91.6K

#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset

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The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (July 27 2020)



Figure 2: Mid-size trading assets: (measured in USD) (July 27 2020)



Figure 3: Smallest trading assets: (measured in USD) (July 27 2020)

#####################. Spread %. ##########################################

Spread %

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Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (July 27 2020)



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#########. Returns and Volume ############################################

Returns and Volume

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Figure 5: Returns of the four highest volume pairs (July 27 2020)

Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (July 27 2020)

###########. Daily Returns. #################################################

Daily Returns %

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Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (July 27 2020)

###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.