Tlack of incentives has caused Bitcoin trading to decline to its lowest point in five years.he
Tlack of incentives has caused Bitcoin trading to decline to its lowest point in five years.As investors wait for market catalysts to return, bitcoin trading volume last month fell to its lowest level in almost 5 years.
According to CNBC, the total volume of Bitcoin held across all exchanges dropped earlier this month to its lowest level since 2018 and is currently battling to recover, according to an analysis of CryptoQuant data from both spot and futures markets.
129,307 BTC has been traded as of August 26 on all exchanges, according to CryptoQuant. On August 12, earlier in the month, it dropped to 112,317 BTC, its lowest point since November 10, 2018. It is currently 94% behind the 3.5 million BTC high reached in March.dd
In downinvestors withdraw, according to Julio Moreno, head oturn markets, trading volumes decrease as regular
Tlack of incentives has caused Bitcoin trading to decline to its lowest point in five years.As investors wait for market catalysts to return, bitcoin trading volume last month fell to its lowest level in almost 5 years.
According to CNBC, the total volume of Bitcoin held across all exchanges dropped earlier this month to its lowest level since 2018 and is currently battling to recover, according to an analysis of CryptoQuant data from both spot and futures markets.
129,307 BTC has been traded as of August 26 on all exchanges, according to CryptoQuant. On August 12, earlier in the month, it dropped to 112,317 BTC, its lowest point since November 10, 2018. It is currently 94% behind the 3.5 million BTC high reached in March.
In downinvestors withdraw, according to Julio Moreno, head oturn markets, trading volumes decrease as regular f
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