Are The Bulls Here?
It looks like it, Binance reporting a new all-time high with more than $12 billion exchanged over Wednesday:
The Bulls Are Here: Binance Trading Volume Surpassed $12 Billion On Wednesday, A New All-Time High
Binance exchange had seen an all-time high in daily trading volume of more than $12 billion exchanged over the past 24 hours as of April 29th, 2020. The last time the exchange had seen volume at the current levels was in January 2018.
According to Changpeng Zhao (CZ), the CEO of Binance, the last time the daily volume spiked over $11 billion was during January 2018, which was the peak of the famous 2017 crypto bubble.
As per the data from CoinMarketCap, Binance saw over $12 billion of daily trading volume. The number consists of all trading products Binance offers, led by Binance Futures, that recorded over $9 Billion of volume in the past 24-hours.
This past day, Wednesday had seen Bitcoin gain about $1,300 in terms of price, starting the trading day at $7,700 and reaching $9,000 on some exchanges in the past few hours.