Bitcoin ‘real’ daily trading volume tops $22B as BTC price recovers
Monday's Bitcoin price decline coincided with a massive activity spike across spot, options and futures markets. Trading activity on Bitcoin (BTC) exchanges spiked massively even as the BTC price was suffering a major correction. According to data from crypto research firm Messari, Bitcoin’s real 24-hour trading volume is about $22.3 billion.To put this figure in context, Cointelegraph previously reported Bitcoin’s real seven-day trading volume setting a new all-time high of $60 billion. In only one day, exchanges have processed over a third of that sum likely pointing to a new all-time....
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Bitcoin trading volumes have always surpassed expectations in the past. Last week, celebrations filled the community as the digital asset had reportedly seen more than $1 trillion transacted on the network so far. However, a new report claims that the trading volumes reported by exchanges may be inflated. The main number, they predict, to be much lower than what is being reported, especially on a daily basis. Reported Bitcoin Volume Fake A new analysis report from Forbes has come back with the conclusion that more than half of bitcoin’s daily reported volumes are fake. The report focuses....
An Arcane Research report has revealed that Bitcoin daily trading volume has dipped to the lowest point of 2021. Bitcoin Activity Seems To Be Slowing Down As BTC’s price continues to stagnate, the daily trading volume on the leading spot exchanges has dropped to the lowest it has ever been in the year 2021. Here […]
Kay Van-Petersen, an analyst at Saxo Bank, told CNBC that Bitcoin price could hit $100,000 in the next 10 years. Cointelegraph previously reported that the daily trading volume of the cryptocurrency market was nearing that of major stock markets. However, the cryptocurrency market’s trading volume is still only a fraction of leading stock markets such as NASDAQ. In order for the cryptocurrency market to surpass the trading volumes of major stock markets, it has to surpass a trillion dollar market cap. In an interview with CNBC, Van-Petersen stated that Bitcoin alone will most likely....
Data shows the Bitcoin 7-day average spot trading volume has continued to shoot up this week as trading activity in the market lights up. Bitcoin Market Observes More Than $10 Billion In Volume In Past Week According to the latest weekly report from Arcane Research, the BTC Trading volume has seen further growth this week. […]
The price of bitcoin plummeted almost immediately after Christmas by around 10%, dropping from US$455 to US$410 per bitcoin as expected. Prior to the decline, bitcoin experts predicted a substantial decrease in the bitcoin price following the plunge in bitcoin daily transaction and trading volumes. According to data provided by bitcoinity, both daily transactions and trading volumes dropped by over 14%, even on dominant bitcoin exchanges such as OKCoin and BitFinex. Bitcoin performed particularly bad against the Chinese Yuan, as seen below.