Bitcoin Bloodbath Awakens Sleepy Giant As Spot Volumes Surge

Bitcoin Bloodbath Awakens Sleepy Giant As Spot Volumes Surge


Data shows the Bitcoin carnage has awakened the dead trading volume that had persisted since many months now.

Bitcoin Trading Volume Surges To Highest Value Since December

As per the latest weekly report from Arcane Research, the latest bloodbath in the crypto market has awakened BTC’s spot trading volume.

Trending: BREAKING: Senate Passes $40 Billion Package to Ukraine, Blocks $48 Billion Aid for Restaurants and Other Small Businesses

The “trading volume” is an indicator that measures the total amount of Bitcoin being moved on the chain on any given day.

When the value of this metric rises, it means the market is becoming more active as investors trade larger amounts of the crypto.

On the other hand, a downtrend in the indicator suggests the Bitcoin market activity is going down at the moment.

Historically, high trading volumes have made up for an ideal environment

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend