Volumes on exchanges soar as markets welcome volatility
Quick Take
- As volatility skyrockets and the market anticipates the Bitcoin Cash hard fork, trading volumes are seeing a steep increase
- Trading volume increased by 80% across the board in the last 24 hours
- Coinbase saw a 10 fold increase in volume in the last four days
In just 12 short hours, the price of Bitcoin dropped by 13% yesterday, erasing more than $12 billion from Bitcoin’s market capitalization. Prior to the crash, the market was experiencing the lowest 30-day volatility since December 2016. Low volatility levels created an unfavorable trading environment, which led to a trading volume low for the year. Low […]
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