Bitcoin trading volume by month

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Many International P2P Bitcoin Markets Witnessed a Significant Spike in Volume During the Week of the 19th of September

Is golume relationship between the volume and price direct? But when we look at the volume figures, the uptrend gets a bit steeper. To make sure we have a somewhat close ratio between the two indicators, we can use data from Bitcoinity :. If we talk about the daily volume expressed in the number of Bitcoins traded, then we can see a different picture. As we can tradnig, in the last six months, the BTC volume actually peaked in September rather than December, when its price hit the record high.

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If you look for statistics on bitcoin trading volume by country, you may be surprised to learn that there is no percent reliable and accurate data available in this regard. There is a reason why that is the case. It is next to impossible to consider all the variables that would make up such a body of data. Over the years, people have attempted to compile statistics that would approximate the actual trading volumes. These efforts have mostly fallen flat, however. Our BMJ team has managed to locate the raw data used for the mentioned report.

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How to Read Cryptocurrency Volume — Market Analysis Bitcoin Crypto News — Indications to Look For

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The uptrend remains intact bitcoin trading volume by month this and the daily time frame but things are definitely slowing. The lack of volume is a clear indicator that traders are holding off at the moment, biding their time until there is another breakout. There are only a couple of low cap altcoins getting any action today with just four adding double digits. Share Tweet Send Share. BTC price 1-hour chart — Vklume. We use cookies to give you the best online experience. Additionally, it also represents the sixth-most voluminous month for bitcoin trading on the exchange to date. Trader and analyst Josh Rager noted that there have now been three red weekly closes in a row, and this has not happened since the November capitulation. Year in Review Read more about The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. The cryptocurrency updated the December low after blockchain researcher Chainalysis said that PlusToken Bby is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Add your thoughts. Good luck trading. Privacy Center Cookie Policy. The move has kept BTC on track to make greater gains next year