Major Increase In Bitcoin Trading Volume
A significant amount of bitcoin changed hands on the United States’ most dominant spot exchange, Coinbase, as investors look to buy the dip.The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Thursday, May 12, 2022, was one of the most exciting and active days in the bitcoin/crypto market in months, with no shortage of volatility and fear from market participants. On the bitcoin side of things, the....
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According to a study released by CoinWire, the global cryptocurrency trading volume will see a notable increase, boosting it to over $108 trillion before the end of 2024. This figure is almost 90% higher than the trading volumes seen in 2022, signaling that a major potential increase in crypto transactions worldwide is on the horizon. […]
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....
NFT trading volume has been on a robust momentum since April and the pace is just right for May with Solana and Moonbirds NFTs such as Okay Bears triggering the increase in NFT sales volume since April. According to DappRadar, there is a monumental 45% climb in organic trading volume of NFTs in April in comparison to the previous months. Solana NFT trading has skyrocketed in April, as Moonbirds also proved to boost Ethereum trading. Suggested Reading | Bitcoin Seen Dropping To $32K – But Not This Month – As Analyst Sees It Hitting $48K NFT Trading Volume Climbing There has been a....
In recent weeks there has been noticeably more volume on two of the major bitcoin exchanges: Bitstamp & OKcoin. The two charts below show the big increase in volume with very little price movement on both of these exchanges. After speaking with self proclaimed “degenerate gambler” and one of the most respected bitcoin traders of the space, BTCVIX, most of this volume appears to be wash trading. “And now we are even seeing some of this interest wane as I believe the ramping up volume washing bot activity is the Casino trying to keep the lights flashing and the sounds blasting so that we....