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.”

https://cointelegraph.com/news/bitcoin-real-daily-trading-volume-tops-22b-as-btc-price-recovers

 

Master Asked on January 12, 2021 in Bitcoin.
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