Bitcoin Bores Traders as Volume Declines on Price Stability
Bitcoin spent most of the seven days ending 8th April fluctuating between $415 and $425 amid modest trading volume. These developments largely mirrored the previous week, with the exception of the fact bitcoin experienced weaker trading volume compared to the last several weeks. Some market experts sought to explain bitcoin’s relative price stability by asserting that low volatility has sapped the interest of many traders. George Samman, a blockchain advisor and consultant, told CoinDesk that bitcoin's volatility has fallen to its lowest since 2012, and that as a result, "volume has....
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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 […]
The price of bitcoin has registered another flat week with a slight decline, as it opened the week at $378.64 and closed just four dollars down at $374.26 on 7th December. The biggest intra-day swing was a one-day rally on 5th December that saw the price rise from a low of $365.68 to a high of $378.65, adding $18 over 24 hours. Trading volume, however, dropped sharply compared with last week, with just over two million coins traded across all exchanges tracked by Bitcoinity. This represented a 42% fall in traded volume compared to the previous week, which saw 3.6 million coins change....
The price of bitcoin declined nearly 8% over the course of the day's trading, falling from $337.93 to below $300 before recovering. Data from the CoinDesk USD Bitcoin Price Index (BPI) indicates the most rapid declines started at roughly 1:30 UTC, with the price falling to a daily low of $298.75 by 3:00 UTC. Overall, the decrease marked the second consecutive day in which the price of bitcoin has lost gains created at the beginning of the month, when it climbed to year highs. Year-over-year, the price of bitcoin was down roughly $50, as the price closed at roughly $366.99 on 12th November.....
The price of Zcash is beginning to show (relative) stability. Despite the sharp volatility it has repeatedly experienced since going live on 28th October, movements calmed yesterday, providing the privacy-oriented digital currency with uncharacteristically modest price fluctuations. Opening the session at $68.72, ZEC climbed as much as 6% to reach $72.94 during the day, CoinMarketCap data reveals. The digital currency later gave up these gains, declining to roughly $68.68 by 20:50 UTC, 5.8% lower than the daily high and roughly on par with the opening price. The digital currency....
Ethereum is feeling the pressure this early, with trading volume at the receiving end and impacting the price of ETH. A major event in the crypto industry, The Merge is eagerly anticipated by many. By combining with the Beacon Chain, Ethereum will implement a system based on proof-of-stake. This system will significantly reduce Ether’s energy consumption. Despite the Merge’s promises of a new tomorrow for Ethereum, investors continue to have poor faith in the currency. The price of ETH plummeted significantly below the $1,500 support line on August 28 and has been stuck in that....