Bitcoin Market Records 21% Crash In November Trading Volume – What This Means...
Bitcoin’s (BTC) ongoing price correction has been accompanied by several other negative developments that continue to grab investors’ attention. Most recently, market analyst Darkfost has observed a significant crash in Bitcoin spot trading volume, while highlighting potential long-term implications of such an event. Related Reading: Here’s Why Bitcoin Volatility Sparks Fresh Attention On MicroStrategy Binance Records $40B Loss In BTC Monthly Spot Trading The spot trading volume refers to the total amount of Bitcoin that is bought and sold for immediate delivery on exchanges within a....
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Data shows the daily Bitcoin trading volume surged to its highest value since December 2021 on Monday, the day of the crash. Bitcoin Trading Volume Spikes Up As Activity Increases In The Market As per the latest weekly report from Arcane Research, the BTC spot volume increased to around $15.7 billion during the crash. The […]
Canary’s XRP ETF has gotten off to a good start following its launch on November 13. The fund’s first-day trading volume beat estimates, a development that has shocked even the community. Canary’s XRP ETF Records $58 Million In Day One Trading Volume In an X post, Bloomberg analyst Eric Balchunas revealed that Canary’s XRP ETF […]
Chart of 2-year trading volumes. Source: Bitcoinity.org. Bitcoin exchange trading volumes have hit an all-time high even as the digital currency's price closes in on a 52-week peak. According to Bitcoinity, the busiest day for exchanges to date was recorded on 26th November, when some 2.86 million worth of bitcoin was traded across all exchanges indexed by the data provider. Trading volumes have been setting records in recent weeks, with the previous peak occurring just four weeks ago, on 30th October, when 2.49 million bitcoins were traded. As trading volumes have risen, so has the price.....
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....
Data shows the Bitcoin spot trading volume has surged up recently and is now approaching one-year highs as volatility in the market continues. Bitcoin Weekly Trading Volume Jumps Up To Almost $8 Billion According to the latest weekly report from Arcane Research, the spot volume has continued to go up since the crash. The “trading […]