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The growth of Bitcoin (BTC) trading volumes in March 2019 is approaching a maximum over the last year

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The daily trading volume of Bitcoins on Friday exceeded $ 11 billion – the value observed for the last time in April last year, drew attention CoinDesk .

Then the weighted average price of bitcoin was $ 8,845, and today – less than half of this value. Nevertheless, investors do not lose interest in the leading cryptocurrency, according to market data.

It is noteworthy that over the course of several years, trading volumes changed along with the price of the asset, but the correlation was broken in November, when Bitcoin experienced another sharp decline, but not the activity of traders .

The current value of $ 11 billion is approximately 200% higher than the figure of November 10, recorded immediately before the last fall, when the cryptocurrency was at $ 6,385, and the trade volume was $ 3.7 billion.

A similar trajectory is developing on the Litecoin market – in November, trading volumes of cryptocurrency began to deviate from changes in its price.

The difference between the two cryptocurrency charts lies in the fact that after reaching the December minimum, the Litecoin price rose 2 times, while Bitcoin can boast only 20% growth.

Date of publication: 16.03.2019
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  • bitcoinBitcoin (BTC) $ 19,230.50
  • ethereumEthereum (ETH) $ 1,042.21
  • cardanoCardano (ADA) $ 0.451035
  • polkadotPolkadot (DOT) $ 6.92
  • litecoinLitecoin (LTC) $ 51.85
  • chainlinkChainlink (LINK) $ 6.18
  • stellarStellar (XLM) $ 0.108086
  • bitcoin-cashBitcoin Cash (BCH) $ 100.50