Is the Crypto Winter Over? Bitcoin Trading Volume Over $10 Bln

[Goodcat49]

Bitcoin average trading volume has now reached new highs since 11 months ago. Bitcoin is the globe’s leading cryptocurrency by market cap. BTC/USD is trading at $4,032 and the total MC is at $139.587 billion, at press time. It has surged up around 150% since October’s record lows. The average daily Bitcoin transaction volume hasn’t registered levels this high since January last year.

Kevin Rooke, an autonomous cryptocurrency data researcher, tweeted on Saturday that crypto traders in March made around $10 billion, a figure which is much higher than $6.25 billion lows attained in November last year – a period when the BTC/USD price dropped by 35% due to Bitcoin Cash (BCH) hard fork debacle.

Bitcoin Cash Hard Fork Impact

However, the early 2018 breakdown in the crypto market wiped off both the valuations and traders. After the breakdown, lesser investors were seen penetrating into the digital currency market. The lower trading volumes registered between June to October last year was clear evidence. During that period, BTC had a stable support price of around $6,000 not until November and December when it rapidly plummeted to $3100, as per the data accessible at OnchainFx.com.

Even in January this year, the average BTC trading volume remained almost the same. But in February, the figures soared to around $7 billion, and now in March they have managed to earn over $10 billion, hence making an impressive rebound. All in all, the market is regaining gigantic momentum.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-trading-volume/