The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Binance Reveals Five Most Heavily Traded Altcoins As XRP Makes Exchange’s List of Worst-Performers in Q2

by Daily Hodl Staff
July 26, 2020
in Altcoins

Binance is offering a new look at the behavior of crypto traders on its platform.

In a Q2 overview, Binance says trading volumes were down the second quarter, with small-cap cryptocurrencies outperforming Bitcoin and Ethereum.

“Trading volumes were slightly lower in the second quarter of 2020 than in the first quarter, with a particularly distinct downward trend for large-cap assets (excluding Bitcoin & Ethereum). Similarly, all Q2 top performers were mid-cap altcoins, such as LEND, BNT, ERD, and EDO. Each of these assets gained close to or more than +500%…

This most recent quarter was marked by a noticeable decline in Bitcoin spot trading dominance as ETH’s rally continued through Q2, coinciding with relative increases in trading of altcoins, including LINK and ADA.”

While both large-cap cryptocurrencies Bitcoin and Ethereum posted quarterly returns of 42% and 69.7%, XRP remained stagnant. XRP has experienced a minimal return of 0.5%, with its trading volume cut in half.

XRP was the fifth worst-performing asset on the platform, behind MCO, Tierion (TNT), STP Network (STPT) and Bread (BRD).

As for how Bitcoin compares to traditional financial markets, Binance says there appeared to be zero correlation between Bitcoin and Gold. The narrative changes when Bitcoin is compared to the S&P 500.

“Applying the same methodology to BTC and S&P 500 daily returns shows a different picture. After a long period (~ 8 months) of very low to no correlation, the correlation coefficient jumps to almost 0.6 in February/ March 2020. It plateaued at this level to subsequently fall at the end of June 2020…

One likely interpretation is that Bitcoin mirrored the performance of the distressed financial equity market in the U.S, while COVID-19 created high uncertainty and induced a flight into liquid assets. It further appears as if that correlation shrunk down to pre-COVID-19 levels in late June. It is to be seen to what extent this is a brief outlier or a return to a more ‘normal’ situation, within which BTC and the S&P 500 are not correlated.”

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Aster Launches 24/7 Stock Perpetual Contracts Trading with Exposure to U.S. Equities
    July 16, 2025
  • The Sandbox Launches Largest LAND Sale to Date on GBM Auctions
    July 16, 2025
  • Vision (VSN) has arrived: the new standard for user-centric token ecosystems
    July 16, 2025
  • Snail, Inc. Announces Intent to Explore Proprietary USD-Backed Stablecoin
    July 16, 2025
  • MultiBank Group Announces Seven Million MBG Tokens Sold Out in Under One Hour During Initial Pre-Sale
    July 15, 2025
  • Allnodes Among First To Launch Bare Metal Servers Powered by AMD Threadripper 9000 Series
    July 15, 2025
  • Swarm Network Selects Walrus To Power Verifiable AI on Rollup.News
    July 15, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$119,628.05
$119,628.05
2.63%
Ethereum
$3,409.94
$3,409.94
11.89%
BNB
$711.75
$711.75
3.9%
Solana
$174.66
$174.66
8.49%
XRP
$3.09
$3.09
7.45%

Spotlight

  • Bitcoin Setup Suggests Explosive Rally Incoming, According to Analyst Who Called 2021 Crypto Top
    July 9, 2025
  • Goldman Sachs Abruptly Raises Targets for S&P 500, Predicts Fed Cutting Rates Earlier Than Expected: Report
    July 9, 2025
  • Investor Tom Lee Says Bitcoin Adoption Still in ‘Earliest Days,’ Predicts US Banks Will Soon Hold BTC As Collateral
    July 9, 2025
  • Bitwise CIO Reveals 4,000x Prediction, Says Ethereum, XRP, Solana and Others Will Be Impacted From One Booming Trend
    July 9, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl