Markets Weekly: Bitcoin Price Holds Firm Following Volume Growth
The bitcoin price has continued to build on recent gains, adding $15 over the last week. This represents a 6% increase over the opening price on 2nd March, according to the CoinDesk Bitcoin Price Index. The week's biggest intra-day price swing happened early in the week, when bitcoin hit a high of $286.28, representing a gain of $19.24 from the day's low. Trading sessions ended in positive territory on four consecutive days, from the end of the previous week and into the first days of the week just passed. Some $50 separated the daily low at the start of the sessions and the high at the....
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The bitcoin price has risen in the last seven days after two weeks of declines. It gained $25 over the week to hit a high of $351.44 on 7th November and is trading well above that level today, at a high of $365.82. The price increase has been accompanied by a rise in trading volume, which increased 32% week-on-week to 2.61 million BTC. This rise in volume was led by activity on Huobi, OKCoin and BTC-e. Although OKCoin reported this week that it would calculate its futures trading volume in a new way that would double its figures, this did not affect its volume numbers in its market for....
Data shows the non-fungible token (NFT) weekly trading volume has observed a surge this week, clocking close to a peak of $650 million. NFT Weekly Trading Volume Reached Above $640 Million Earlier In The Week The “trading volume” here is a measure of the total amount of non-fungible token sales currently taking place across the […]