Publicly Traded Bitcoin Instruments See High Volumes amid Price Rise
During the price gains over the last several weeks, the focus has been on the big bitcoin exchanges, particularly the Chinese exchanges that are trading at a premium to U. S. exchanges. That being said, the two publicly traded vehicles that offer investors exposure to bitcoin have also been seeing considerable volume. XBT Provider manages Bitcoin Tracker....
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Weekly Bitcoin trading volumes in the Philippines peso were steadily growing on Paxful this year and eventually hit a new high in July. Despite some level of regulatory uncertainty around cryptocurrency in the Philippines, one platform has recorded a massive influx of Bitcoin (BTC) trading activity recently.Bitcoin trading volumes in the Philippines have been on the rise over the past few months on the major peer-to-peer (P2P) crypto exchange Paxful.According to data from the Bitcoin tracking website Coin Dance, Bitcoin trading volumes denominated in the Philippines peso (PHP) have been....
The XBT Provider instruments Bitcoin Tracker One (Ticker: COINXBT) and Bitcoin Tracker EUR (Ticker: COINXBE) have resumed trading in Stockholm after Nasdaq approved Global Advisors (Jersey) Limited as the new guarantor of the Exchange Traded Certificates (ETC) with XBT Group becoming a subsidiary of GAJL after its main stockholder, Bitcoin miner firm KnC Miner, declared bankruptcy. Trading of the company’s two instruments was halted by Nasdaq Nordic on May 27. During the two-week absence of the instruments, Bitcoin prices had risen by around $200. Following the bankruptcy of KnC Miner, XBT....
The bitcoin markets were frothing last week as the price soared to a high of $458 on Thursday. Trading volumes more than doubled as markets were stimulated by the surging price. Volumes rose by 2.3 times to nearly 6m BTC traded over the last seven days, compared to a week earlier. The stage was set for a price surge a week ago, as the markets digested the news of the inter-continental dark markets bust called Operation Onymous. In the last week, prices swung a massive $97.57 from a trough on 11th November to a peak two days later. The price rose from $360.58 at the week's bottom to $458.15....
Chart of 2-year trading volumes. Source: Bitcoinity.org. Bitcoin exchange trading volumes have hit an all-time high even as the digital currency's price closes in on a 52-week peak. According to Bitcoinity, the busiest day for exchanges to date was recorded on 26th November, when some 2.86 million worth of bitcoin was traded across all exchanges indexed by the data provider. Trading volumes have been setting records in recent weeks, with the previous peak occurring just four weeks ago, on 30th October, when 2.49 million bitcoins were traded. As trading volumes have risen, so has the price.....
A recent market report by Localbitcoins suggests that traders or holders under the age of 34 are driving crypto volumes in Egypt. This rise in Egyptian crypto transactions is evidenced by P2P data which shows the crypto asset’s weekly traded volumes averaging $205,000 in much of Q1 of 2021. The Premium on BTC In addition to seeing increased traded volumes, Egypt has also had to contend with a growing premium that is charged on top of the crypto asset’s spot price. For instance, on March 16 2021, BTC was trading at $64,000 in Egypt yet on the same day most international....