Bitcoin price surge to $16.2K accompanied by record volume
Data shows Bitcoin spot volume reached a 2020 high as retail and institutional interest surged. Bitcoin (BTC) has had a great November so far, and many analysts believe the future remains bright for the top-ranked cryptocurrency. Currently sitting at $16,000, its price has surged by 23% since the start of the month, rallying mostly after the completion of the United States presidential election. Now, Bitcoin spot volume has passed all previous records in 2020, showcasing the growing demand for acquiring BTC.The strong rally to $16,200 led Bitcoin spot volumes to rise by more than 270% in....
Related News
Correction: Article has been updated to reflect that one-year high is based on BPI closing prices. 36% gain was achieved in last two weeks, not last four days. The price of bitcoin has hit its highest closing price in the last year, trading at $436 and climbing at press time, according to the CoinDesk Bitcoin Price Index. Bitcoin has gained an astonishing $115 or 36% over the last two weeks. It was changing hands for $320 a coin on 25th November. The price briefly touched $500 on some exchanges on 4th November before dropping under $400 in the following days. The strong rally is....
The recent highs struck by the Bitcoin price goes hand-in-hand with the largest ever amounts of the cryptocurrency traded. The price of Bitcoin has been on a wild surge lately and recently struck a year-high of $502 on November 4th before the unpredictability saw prices take a dip this past week to a price of $363.88 at the time of publishing. While Bitcoin pricing remains indecisive, it's significant to note that Bitcoin trading volume reached record highs in a period that saw the largest volume of bitcoins traded. Ever. The Numbers. As Bitcoin price surged to reach a then-year-high and a....
The Bitcoin trading volume observed a surge earlier as the price of the crypto crashed below $40k. However, the metric has now once again come back down as the coin has become calmer. Bitcoin Trading Volume Sharply Declines Following A Brief Uplift As per the latest weekly report from Arcane Research, the BTC trading volume […]
Record high trading volume and new offerings from Binance are a few of the factors behind Binance Coin hitting a new all-time high at $148. On Feb. 10 Binance Coin (BNB) hit a new all-time high at $148 after the native exchange token rallied 121% since the start of the week. Data from Cointelegraph Markets and TradingView shows that BNB rose from $35.37 on Jan. 11 to $148, a 256% increase in less than a month. BNB/USDT 4-hour chart. Source: TradingViewThree reasons for the explosive growth in the price of BNB include the recent surge in trading volume to a new record high, the expansion of....
Binance has reported a new record of more than $80 billion in daily volume across its spot and derivatives platforms. Changpeng Zhao, the chief executive of Binance, the world’s largest crypto exchange by trade volume, reported a record of $80 billion in 24-hour trade activity on Jan. 4.On Twitter, CZ compared the recent activity to the volume posted during the last record-breaking bull cycle, noting that the past day of trade equates to four-time the volume processed on the exchange from Nov. 15, 2017 to Dec. 15, 2017.To put this in perspective, from Nov 15, 2017 to Dec 15, 2017, the....