Bitcoin Trading Volume Continues To Remain At Low Levels

2022-4-7 22:00

Data shows the Bitcoin trading volume has continued to remain at low levels this week, weakening the latest rally in the crypto’s price.

Bitcoin Spot Trading Volume Has Recently Stabilized At Low Values

As per the latest weekly report from Arcane Research, the BTC spot volume has continued to stabilize at relatively low values this week.

The “daily trading volume” is an on-chain indicator that measures the total amount of Bitcoin being transacted on the network on any given day.

When the value of this metric goes up, it means a higher number of coins are moving on the chain at the moment. This shows that the network is turning more active as investors become more interested in the crypto.

On the other hand, a decrease in the Bitcoin volume suggests market activity is dipping down. Such a trend may imply that the general interest around the coin is low right now. It can also mean investors are waiting for the price to reach a certain level before they make their move.

Related Reading | Bitcoin Monthly Outflows Reach Historically High Value

Now, here is a chart that shows the trend in the BTC trading volume over the past year:

Looks like the value of the indicator has been moving sideways recently | Source: Arcane Research's The Weekly Update - Week 13, 2022

As you can see in the above graph, the Bitcoin trading volume has stabilized since a while now, and this week looks to have continued that trend.

While this has meant the volumes haven’t dropped further recently, their value has nonetheless been quite low in the past weeks.

Related Reading | Bitkeep Becomes The Sponsor of Bitcoin 2022, Bringing A Smooth Cross-Chain Swap Experience to Bitcoin Holders

Since any large price move requires a large amount of traders participating for it to be sustainable, the most recent rally in the value of Bitcoin has already lost momentum due to the low volumes recently.

BTC Price

At the time of writing, Bitcoin’s price floats around $44.8k, down 5% in the last seven days. Over the past month, the crypto has gained 13% in value.

The below chart shows the trend in the price of the coin over the last five days.

BTC's price seems to have plunged down over the past twenty-four hours |  Source: BTCUSD on TradingView

After moving sideways for a few days, the price of Bitcoin looks to have dropped off below the $45k level again today.

Currently, it’s unclear when upwards momentum may return to the crypto. But one thing seems to be clear, any new rallies would need to be backed up by surging trading volumes otherwise that rally too shall lose its spark before long.

Featured image from Unsplash.com, charts from TradingView.com, Arcane Research

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Volume Network (VOL) на Currencies.ru

$ 0.0001001 (-0.02%)
Объем 24H $0
Изменеия 24h: 0.10 %, 7d: 0.11 %
Cегодня L: $0.0001001 - H: $0.0001001
Капитализация $0 Rank 3549
Доступно / Всего 0 VOL

low volume bitcoin trading remain latest continued

Источник: newsbtc.com

low volume → Результатов: 126


Bitcoin Trading Volume Has Now Stabilized At High Values, But For How Long?

Data shows the Bitcoin trading volume now seems to be stabilizing at higher values than 2022’s average, but given the trend in the metric this year so far, it may not last too long. 7-Day Average Bitcoin Trading Volume Has Remained Fixed Around $5 Billion Recently According to the latest weekly report from Arcane Research, after staying at low values for much of 2022, the BTC trading volume looks to have found some ground at high values recently.

2022-3-10 22:00


Фото:

Dogecoin Shaves Off $60 Billion In One Month, But DOGE HODLers Are Bullish For These Significant Reasons

At the time of this writing, Dogecoin has garnered gains of 15%, a major recovery from yesterday’s low, although the 7 day losses are still above 33%. The cryptocurrency market turned green at the later part of yesterday, and leading altcoins like Dogecoin followed suit as trading volume climbed up swiftly. Although the asset had […]

2021-6-24 19:41


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival

Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable energy supply, and a good amount of skill to manage the process.

Bitcoin Diamond Hands Still Unbroken: 30.7% Of Supply Dormant For 5+ Years

Data shows the Bitcoin diamond hands have continued to sit tight recently as almost a third of the supply hasn’t been moved in five years. Bitcoin Has A Notable Part Of Its Supply Dormant Since Over Five Years In a new post on X, the market intelligence platform IntoTheBlock has discussed about how the most […]

Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time?

Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market.

Bitcoin Difficulty Jumps 3% As Hashrate Slowly Recovers

On-chain data shows the Bitcoin mining difficulty has seen an increase in the latest adjustment, a consequence of the hashrate’s recovery. Bitcoin Mining Difficulty Has Seen A Positive 3% Adjustment Recently The “mining difficulty” refers to a feature built into the Bitcoin blockchain that controls how hard the miners would find it to mine on […]

Bitcoin Investors Have Turned Greedy Again: What Could Be Next For BTC?

Data shows that Bitcoin investors have again assumed a sentiment of greed after BTC’s surge of $64,000. Here’s what this could mean. Bitcoin Fear & Greed Index Is Now Pointing At ‘Greed’ The “Fear & Greed Index” is an indicator created by Alternative that tells us about the sentiment currently present among the investors of […]

These Are The Biggest Bitcoin Support & Resistance Zones, Analyst Reveals

An analyst has revealed the Bitcoin price zones that could act as major support and resistance centers for the cryptocurrency. A Large Number Of Investors Bought Bitcoin Inside These Zones In a new post on X, CryptoQuant author IT Tech has discussed the Bitcoin price levels that could act as support and resistance for BTC.