Bitcoin – From Correction To Mass Activity Spike
The king of crypto is doing just fine after the recent correction/dip – yesterday saw a huge spike in activity and today we are seeing the price near $36K
Bitcoin ‘real’ daily trading volume tops $22B as BTC price recovers
“Trading activity on Bitcoin (BTC) exchanges spiked massively even as its 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 that Bitcoin’s real seven-day trading volume set 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 high by the end of the week if the current momentum is sustained.
Despite suffering service disruptions amid the price decline, Coinbase recorded about $3.5 billion in trading volume, according to data from crypto analytics provider Skew. In total, Coinbase processed over $9.5 billion in crypto trades on Monday, an all-time high for the exchange.”