War coincides with Bitcoin's highest 'real' volume since early December
“Investors are speculating that crypto will become increasingly important apolitical and trustless money in a time of escalating geopolitical uncertainty, conflict, and capital controls,” Arcane Research wrote. The “real” daily Bitcoin (BTC) volume spiked to levels not seen for three months amid the Russian invasion of Ukraine. According to the latest weekly update report from blockchain analytics firm Arcane Research, real daily BTC trading volume surged above the $10 billion last Thursday (Feb. 24, the first day of the invasion), marking the highest daily volume recorded since Dec. 4.....
Related News
Data shows the daily Bitcoin trading volume surged to its highest value since December 2021 on Monday, the day of the crash. Bitcoin Trading Volume Spikes Up As Activity Increases In The Market As per the latest weekly report from Arcane Research, the BTC spot volume increased to around $15.7 billion during the crash. The […]
Bitcoin broke well above $20,000 this week, signaling that the bull market was real and that the cryptocurrency was likely to go parabolic in the very near term if it hasn’t already. The breakout was supported by the highest “Real Volume” since the June 2019 high. High volume during a breakout is a sign that […]
One of the notable characteristics of Bitcoin and other cryptos is their volatility. The price swing of the assets could pose as both a beneficial or a discouraging fact for many investors. Daily speculators will gain more through their trades and other crypto transactions as the price surges. But a drop could bring a huge […]
OKCoin was founded in 2013 by receiving a US$1m Angel Investment from Ventures Lab and Silicon Valley Venture Capitalist Tim Draper. In December 2013, OKCoin closed a Series A round of funding in which it received US$10m. In early March 2014, OKCoin reached a BTC transaction volume of roughly 293,000 BTC and an LTC transaction volume of roughly 12.9 million LTC. This is the highest crypto-currency transaction volume that any exchange, the world over, has ever had. kongThe OKcoin system was able to deftly handle this volume without any issue until today. It seems that today in the early....
Ethereum fees had touched new highs thanks to the popularity of the decentralized finance (DeFi) space. As network activity had grown, so had the transaction volumes. The effects continue to linger even into the bear market, although fluctuations between low and high are now more common in the space. Presently, transaction volumes have fallen sharply and ETH fees have now plummeted to monthly lows. Ethereum Transactions At $0.5 Ethereum transaction fees have declined to one of their lowest points this year. Gas costs which have been fluctuating between high and low seem to have found their....