On Friday, March 15, the daily trading volume of the first cryptocurrency exceeded $ 11 billion. The last time this figure was recorded on April 25 last year, when Bitcoin was trading around $ 8.845, according to CoinDesk Markets analyst Sam Umet.
According to him, high trading volumes indicate investor interest in Bitcoin. However, he notes, the correlation between trading volumes and the price of the first cryptocurrency was lost in November 2018, when the indicator did not sink after the quotes.
November 10, before the start of the collapse from $ 6,000 to $ 3,000, the daily trading volume was $ 3.7 billion. Now it is more than double.
In the meantime, the price of Bitcoin on Bitfinex has already touched $ 4,000, but on Bitstamp the mark of $ 3,900 has not yet been passed.
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