Pretty amazing! We’re down to $117K, but some selling was expected.
BTC trading volume is still below the highs of 2021 but we’ve moved above the 50% mark. So there’s more to come if we can sustain volumes like those of 2020-2021.
Pretty amazing! We’re down to $117K, but some selling was expected.
BTC trading volume is still below the highs of 2021 but we’ve moved above the 50% mark. So there’s more to come if we can sustain volumes like those of 2020-2021.
Ooooh. It’s been a while since I’ve seen updates on BTC!
Great to hear then. What do you think is causing this uptick in volume?
Not sure but is there renewed interest in BTC because of new projects?
I think it is the general uncertainty of the markets. Nobody knows what is happening with international trade so they want to put their money into what is seen as a safe haven. Gold has been hitting highs for the same reason.
Good point. And now you’re not looked at like a crazy person if you want to invest in Bitcoin. So that helps!
The stigma is gone.
The more I investigate, it looks like the recent move occurred without crazy levels of volume, which signals to me that whales are doing whale things. So be careful out there. We could see another move down to support.
Have a look at this Barchart.com page on btc price levels. Very interesting to read if you want to get a sense of key levels lower and higher of current price.