Bitcoin Trading Volume Declines, Rally Losing Steam Already?
Data shows the Bitcoin trading volume has further declined recently, suggesting that the latest rally may be losing steam. Bitcoin Spot Trading Volume Continues To Decline This Week According to the latest weekly report from Arcane Research, the BTC spot volume has observed further decline in the past week. The “trading volume” is an indicator that measures the total amount of Bitcoin being involved in spot trades on any given day. When the value of this indicator goes up, it means more coins are now changing hands. This trend shows that the network is becoming more active.....
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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 […]
Bitcoin has recently seen a massive rally for the past two weekends, giving rise to an increase in trading volume. Following a long period of low prices in the market. The recent rally has reignited a number of things in the market. Now including the trading volume, as volumes bounce back to levels before the […]
Data shows Bitcoin trading volume has been on a decline recently, here is what it mean for the current BTC bull rally. Bitcoin Trading Volume Continues To Decline As per the latest report from Arcane Research, the 7-day average BTC trading volume has been on a decline this month. and is now close to $4 […]
Data shows the NFT weekly trading volume has now declined to lows not seen since June 2021, as the NFT hype continues to die down. NFT Weekly Trading Volume Has Now Come Down To Just $81 Million The non-fungible token market has been struggling since a few months now as the rest of the crypto […]
On-chain data shows the Bitcoin trading volume has been increasing recently, which could help further the asset’s rally. Bitcoin Trading Volume Has Registered A Large Boost Recently According to data from the on-chain analytics firm Santiment, BTC continues to see high volumes. The “trading volume” here refers to measuring the daily total amount of a […]