FOMO Beware: Spot Bitcoin Buying Volume Remains Low, Despite New ATH
Bitcoin has maintained high prices well into the first week of November. The month is expected to follow bullish trends that were triggered in the previous month and bitcoin has not been disappointed in this regard. However, some metrics remain low compare to the price of BTC. This could be as a result of investors taking profit in the market but low enough to draw attention to them. BTC had seen a lot of investment pour into it the week after the first ETFs went live. The record-breaking $1.4 billion inflow for the week had pushed the price of the digital asset towards a new all-time....
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Data shows the Bitcoin trading volume has dropped to its lowest level in 14 months, signaling that FOMO around the crypto may be no more. Bitcoin Trading Volume Sinks To Lows Not Seen Since December 2020 As per the latest weekly report from Arcane Research, the BTC trading volume has continued its decline this week, […]
Despite the price of Bitcoin soaring and making a new all-time high, the crypto’s spot trading volume remains shockingly low. Bitcoin Trading Volume Is Unusually Slow As per the latest weekly report from Arcane Research, while the price of BTC shows strong momentum up, the trading volume has been unusually low. The “daily spot trading […]
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Data shows Bitcoin spot volume reached a 2020 high as retail and institutional interest surged. Bitcoin (BTC) has had a great November so far, and many analysts believe the future remains bright for the top-ranked cryptocurrency. Currently sitting at $16,000, its price has surged by 23% since the start of the month, rallying mostly after the completion of the United States presidential election. Now, Bitcoin spot volume has passed all previous records in 2020, showcasing the growing demand for acquiring BTC.The strong rally to $16,200 led Bitcoin spot volumes to rise by more than 270% in....