Bitcoin Price Climbs Upward With Trading Volume At A 3-Month High
Just in the past 24 hours, the crypto market was practically in green, with several assets reclaiming some values, including Bitcoin. But the trend has suddenly reversed to a negative direction. As a result, the majority of the crypto assets in the market have declined drastically. Bitcoin has crashed from its height of over $20,000 in today’s trading hours. The token lacked the necessary support to remain at its higher level. After crossing the $20K boundary, BTC later fell to around $18,770 in the early trading hours of today. This was through a decline of over 6% in its value.....
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Data shows the latest rise in Bitcoin’s price is accompanied by a significant uptick in the trading volume. This could suggest that the current uptrend may be sustainable. Bitcoin Trading Volume Climbs Up Fast This Week As per this week’s Arcane Research report, the BTC trading volume is climbing up fast this month after a […]
The interest in cryptocurrencies continues to wane in 2022, as does Litecoin’s popularity. The trading volume of Litecoin was eight times lower in the first quarter of 2022 than it was in the first quarter of 2021. For example, the trading volume from January to March 2022 was around $82 billion, 87% less than in Q1 2021. In the first quarter of 2021, the trading volume was $674.9 billion. Litecoin (LTC) trading volume crashed by more than $590 billion in quarterly comparison. Related Reading | ApeCoin (APE) Is Now The Biggest Metaverse Token, Edging AXS, MANA, SAND The sharp....
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....
Litecoin jumped 12% over the weekend to surge to a 4-month high of $2.100 as bulls decide to take full control of the situation. In my previous analysis, I had discussed that the market may end its consolidation soon and now that it has, I expect the action to continue for a little longer. As bulls take a breather, Litecoin is trading at $2.013. The massive rally in Litecoin must have taken a majority of market participants by surprise. But now, as the price looks to form a base above $2.000, minor profit booking cannot be ruled out. Litecoin Chart Structure - The 240-minute LTC/USD price....
The price per bitcoin is up a little over 8 percent this Thursday on the Mt. Gox exchange at $883 USD (at this time of writing), following a week of partial stability (by bitcoin standards, of course). The day started in the range of $820 USD, and seems to be jolting in the upward direction, much to the joy of the bitcoin community, who have had a whole month or so without any major price action. Meanwhile at Bitstamp, the price per unit is at $798 USD - also climbing. Could it be a sign of good things to come in 2014? You be the judge.