These tokens saw the biggest trading volume pumps last week. How could trader...
Dramatic increases in trading volume can alert crypto investors to price highs that are yet to come. An uptick in trading volume is one of the key components of a digital asset’s healthy market outlook. It indicates both robust liquidity and a surge in fellow traders’ enthusiasm for the token. The relationship between the asset’s price and trading volume is a nuanced one: Volume spikes often trail strong rallies as more and more traders hop on the bandwagon in the hopes of a ride to the moon.Yet, in some cases, it is surging trading volume that leads to price appreciation. In such a....
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Trading volume pumps can act as early signs of dramatic price action, and there are ways to spot them early. A digital asset’s price rally rarely comes out of the blue. Before the token’s market value explodes, some collateral forces come into motion. The asset can suddenly attract abnormally high online attention, its trading volume can go up dramatically, or some market-moving information can go public that triggers the first two examples. Mastering the art of crypto trading means learning to see those subtle cues early on.Spiking trading volume is one of the signs that something....
Counterparty Foundation Community Director Koji Higashi has agreed that Japan’s future in Bitcoin is an “upward trend” and could challenge China in trading volume. Japan: World’s #2 Bitcoin Trader. His comments follow mainstream media alleging the number of Japanese outlets accepting Bitcoin had quadrupled to over 4,000 in 2016 alone. In a blog post Monday, Higashi said that in contrast to China’s falling trading volumes due to exchange inspections and uncertainty over legislation, Japan’s legal setup was fostering increased crypto adoption. “…It seems to me few people are aware of what’s....
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....
Another day, another bit of unusual trading activity on a Bitcoin exchange. As the Bitcoin price began to drop around 1 AM EST last night, at least one trading bot on BTC-e began to make some interesting trades. It seems that the trading bot has been caught in an endless loop, as it continues to either trade back and forth with itself or with other bots on the exchange. The unfortunate trading activity was first pointed out by Reddit user /u/nobodybelievesyou on /r/BitcoinMarkets. The details behind the bot or bots associated with this increase in trading volume are unknown at this time,....
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 […]