Bitcoin Trading Volume Crashes Again After Brief Surge
The Bitcoin trading volume observed a surge earlier as the price of the crypto crashed below $40k. However, the metric has now once again come back down as the coin has become calmer. Bitcoin Trading Volume Sharply Declines Following A Brief Uplift As per the latest weekly report from Arcane Research, the BTC trading volume […]
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Last week's bitcoin price surge, initiated a chain react across all major bitcoin exchanges and bitcoin's trading volume reached its highest point in since late 2014. So, so did the price surge enkindle the rise in the trading volume? or did it go the other way round; the boosted trading volume pushed bitcoin price "to the moon"? Bitcoin Trading Volume Rising Across All Major Exchanges: According to blockchain.info, the bitcoin/USD exchange volume reached $42,637,208 on the 5th of November, the day that witnessed a price high of $447.47 on Bitstamp. Although the price exceeded $500 on the....
In October 2023, EUR-denominated weekly spot volume on Binance, a top cryptocurrency exchange, fell to $160 million, an 88% drop from $1.3 billion recorded seven months earlier in March 2023. At this level, EUR trading volume on the besieged exchange is at a three-year low, pointing to how consequential the decision by regulators to crack down on […]
Data shows Bitcoin spot trading volume has surged up as BTC has begun to target a new all-time high (ATH) price soon. Bitcoin Spot Trading Volume Keeps Increasing As per the latest report from Arcane Research, BTC spot trading volume continues to surge up as the coin heads towards a new ATH. The “trading volume” […]
Dogecoin and Shiba Inu seem to have borne the brunt of the recent price crashes in the market. Reports have shown that the trading volume of the crypto market fell over 40% last month. Numbers taken from top exchanges saw the volume traded in June being significantly lower than that in May. Prices followed the […]
Data shows the non-fungible token (NFT) weekly trading volume has observed a surge this week, clocking close to a peak of $650 million. NFT Weekly Trading Volume Reached Above $640 Million Earlier In The Week The “trading volume” here is a measure of the total amount of non-fungible token sales currently taking place across the […]