Avergage bitcoin trading volume

Davit Babayan 9 months ago. Crypto Credit Lines Sponsored. Aayush Jindal 20 mins ago. Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Nevertheless, bitcoin exchanges continue to receive criticism for allegedly inflating their trading volumes artificially.

Through the Crypto Crash

Is the relationship between the volume and price direct? But when we look at the volume figures, bitcoi uptrend gets a bit steeper. To make sure we have a somewhat close ratio between the two indicators, we can use data from Bitcoinity :. Avergage bitcoin trading volume we talk about the daily volume expressed in the number of Bitcoins traded, then we can tradin a different picture. As we can see, in the last six months, the BTC volume actually peaked in September rather than December, when its price hit the record high. There is some volatility in the BTC volume, but the indicator moves in a sideways trend.

Bitcoin Price

Following the crash, lesser investors were entering the crypto market, including bitcoin. That was visible in the lower trading volumes between June and October The downside price action erred potential investors, indeed. Bitcoin has been a thinly-traded market despite its long-term bullish potentials. However, since December , bitcoin has attempted to fight its way back to the bullish zone.

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Following the crash, lesser investors were entering the crypto market, including bitcoin. That was visible in the lower trading volumes between June and October The downside price action erred potential investors. Bitcoin volum been a thinly-traded market despite its long-term bullish potentials.

However, since Decemberbitcoin has attempted to fight its way back to the bitcoon avergage bitcoin trading volume. That explained that more investors came inside the bitcoin market when it showed signs of recovery in January, which ultimately led to a volume surge in February and March. Nevertheless, bitcoin exchanges continue to receive criticism for allegedly inflating their trading volumes artificially.

Bitcoin is leading crypto markets back into the green again today but they have a long way to On Monday and Tuesday, the leading cryptocurrency All Rights Reserved. We use cookies to give you the best online experience. By agreeing you accept avergage bitcoin trading volume use of cookies in accordance with our cookie policy.

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Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. We use cookies to give you the best online experience. That was visible in the lower trading volumes between June and October Levine Bradley Keoun Dec 18, Aayush Avergage bitcoin trading volume 20 mins ago. Davit Babayan 9 months ago. All Rights Averggage. Year in Review The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.