The Bitcoin trading volume indicates how many Bitcoins are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds. It is also a good indicator of the general interest in the crypto market. Chapter 5: Bonus Content – Bitcoin Volume Analysis. So far in this article, we have covered how to apply volume analysis to identify trading opportunities day trading. Volume can be and is so much more. To demonstrate the ability to analyze long-term trends, we will use volume to unpack the roaring cryptocurrency market. 5 rows · Bitcoin price today is $23, USD with a hour trading volume of $45,,, USD.
Volume of trading bitcoinUnderstanding Cryptocurrency Trading Volume
Home Bitcoin. Bitcoin BTC. Market Cap. Price Prediction: Unlock. Free CSV. Privacy Guaranteed Secure Submission. Select Base Currency. Select Quote Currency. BTC Data Highlights. Transparency Grade Transparent. Circulating Supply 18,, Max Supply 21,, Bitcoin Statistics. Date of ATH Today! Days Since ATH 0. Price vs ATH. Mkt Cap Rank 1.
Mkt Dominance Mkt Dominance. The rapid price drop was accompanied by a sell-off in the traditional markets and likely fueled demand for options. Options are one effective way of taking advantage of these opportunities.
Volumes have been rising right from the start of the year. Zhu added the recent record volume reflects the growing importance of options flow on Deribit in bitcoin price setting. Back in mid-January, Zhu tweeted predicting a surge in options trading volume. Bitcoin Options Volume. They contrast with spot-trading, which refers to regular token swaps.
Top investors have recently considered Bitcoin as a hedge against the inflation of fiat currencies. Coronavirus stimulus packages, like those already issued by major world governments, as well as those in formulation by governments worldwide, cause concern that currencies could devalue as central banks mint more money to cover the debts of governments.
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. Read on the Decrypt App for the best experience. For the best experience, top crypto news at your fingertips and exclusive features download now. News Coins.