VeChain Price Rises 20% Amid Volume and Open Interest Surge
The cryptocurrency market is ecstatic right now as bulls take over. Bitcoin’s (BTC) rise to a new all-time high of $118,254 has led to rejuvenated investor sentiment. VeChain (VET) is also following a similar path. VET’s price has risen 9.3% in the last 24 hours, 14.9% in the weekly charts, and 20.5% in the 14-day charts. VET is yet to turn green in the other time frames. The asset is down 5.1% over the previous month and 5.7% since July 2024. Source: CoinGecko VeChain Registers Big Volume And Open Interest Spike Source: Facts.net According to CoinGlass data, VeChain’s (VET) volume has risen by 44.57%. The cryptocurrency Analysis platform further shows that open interest (OI) for the asset has increased by 6.73%. The figures signal a rise in investor interest in the asset. The rise in interest could be due to the wider market experiencing a bullish turnaround. Source: CoinGlass VET’s rally and rise in interest could be tied to Bitcoin (BTC) hitting a new peak. B...