Bitcoin set an absolute record for trading volume per day $ 42 billion

After the correction on June 27, from 28 to 29 June, Bitcoin (BTC) continued its rally, adding more than 6% – from $ 10,300 per coin, the price rose to $ 11,668 , which also affected the rise in prices of some altcoins and the total capitalization of the crypto market.

A well-known supporter of the crypto community, Michael Lederman, tweeted today:

“Bitcoin has just set a new record for the last 24 hours – $ 42 billion. The largest volume registered during the bullish run of 2017–18 was $ 24 billion.

New money entering the market. Parabolic cryptocurrency growth has not even begun. This is just the beginning. Long bitcoin. Long blockchain .

Bitcoin just set a new all-time record in 24H volume: 42 billion USD

The highest volume recorded during the bull run of 2017-18 was 24 billion

New money entering the market

The parabolic rise has not been begun. It's just getting started

Long Bitcoin. Long Blockchain pic.twitter.com/0O5MD7ZQ6S

– Misha Lederman (@mishalederman) June 27, 2019

According to CoinMarketCap, trading volume in 24 hours at $ 46 billion is the highest figure in the entire history of observations.

Some analysts, including Luke Martin, believe that the main coin will follow the following model:

"Previous resistance -> sharp growth -> sharp decline -> correction and resumption of an uptrend."

At the time of publication, BTC was worth $ 12,077 with a market capitalization of $ 214 billion. The 24-hour trading volume amounted to $ 39 billion, noting a drop of 4.98% during the day.

Over the past seven days, the coin showed an increase of 17.68%, having recovered by the current moment by 1.17%.

Publication date 06/29/2019
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