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bitcoin trading volume bitcoinity

With such drastically lower trading volume and reduced volatility, one can not help but wonder whether the bitcoin markets have entered a new normal. A perfect example of how much the landscape has changed is the more even distribution of trading volume across exchanges worldwide, as shown by the Bitcoinity data below:. Some traders have already responded to the new situation by changing up their strategies, according Vinny Lingham, CEO of identity startup Civic.

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CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. A new normal? A perfect example of how much the landscape has changed is the more even distribution of trading volume across exchanges worldwide, as shown by the Bitcoinity data below: Some traders have already responded to the new situation by changing up their strategies, according Vinny Lingham, CEO of identity startup Civic.

Read more about 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. Bitcoin Price. Year in Review Levine Bradley Keoun Dec 18,

bitcoin trading volume bitcoinity

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Your submission is now pending approval. Please fill in all required form fields correctly. Like what we're doing? USD values are calculated based on the total BTC traded for the week and do not account for spread, fees. Czech Republic.

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Is the relationship between the volume and price direct? But when we look at the volume figures, the uptrend gets a bit steeper. To make sure we have a somewhat close ratio between the two indicators, we can use data from Bitcoinity :. If we talk about the daily volume expressed in the number of Bitcoins traded, then we can see 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. Now here is the surprise, if we check the BTC volume on a two-year chart , then we get something like this:. No — this is not a mistake, the volume in terms of Bitcoins traded was much lower in than in the previous year. Because the price for one Bitcoin starts to increase sharply, so fewer and fewer traders can allow spending on it, while the volume expressed in US dollars begins to rise together with the price, as shown in the first chart.

bitcoin trading volume bitcoinity

Your submission is now pending approval. Please fill in all required form fields correctly. Like what we're doing? USD values are calculated based on the total BTC traded for the week and do not account for spread, fees.

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