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Volume has been ramping up across the cryptocurrency markets, with April seeing a new all-time high posted for daily global cryptocurrency volume. The month has also seen Chicago Mercantile Exchange (CME) report record trade volume for its BTC futures contracts, in addition to Cumberland’s trade desk reporting an influx of 1,000 BTC buy orders, signaling strength across numerous facets of the virtual currency ecosystem.
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For many leading markets, February produced the largest monthly volume since the first quarter of last year, with 30-day BTC trade activity surpassing $ 200 billion, and ETH exceeding $ 100 billion.
BTC Volume Surpasses $ 200 Billion for February
February saw the highest volume for BTC trade in one year, with BTC pairings generating nearly $ 206.37 billion in trade during the last 30 days.
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Several markets have seen spikes in peer-to-peer (P2P) volume, with the Kazakh and Singaporean Localbitcoins markets posting their second strongest weeks on record. Polish P2P trade also increased this past week, with volume reaching a 14-month high.
Singaporean P2P Trade Sees Spike
The current BTC price action appears to have driven an uptick in Localbitcoins trade volume across diverse markets, with many traders likely preparing for the various scenarios that may play out as BTC tests support near the low of 2018’s bear market.
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Rep. Alexandria Ocasio-Cortez is the youngest woman ever to serve in Congress. She now looks set to make waves by joining the House Financial Services Committee, which oversees the Wall Street regulatory regime. Peeling Back Trump’s Years of Deregulation Reports indicate the Democratic congresswoman has a strong chance of the appointment and could be an
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The cryptocurrency market moved higher Sunday after Bitcoin (BTC) jumped 6% to $ 4,100 — a price last seen on Christmas Eve. While the weekend rally wasn’t driven by any identifiable fundamental event, the charts of most major coins have been building toward a breakout for the last 2 weeks. Notably, both Litecoin (LTC) and NEO (NEO) […]
Despite the short-lived rally leading up to Christmas, BTC appears poised to post a fifth consecutive red candle on the monthly chart for the second time ever. BCH also looks ready to extend its record bear streak to five months of red, while ETH appears poised to post a monthly gain for the first time in seven months.
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