- The trading volume has started to heat up in the crypto markets.
- BTC reached the highest trading volume since June 14, 2022.
- BTC has been trading for $18,771.41 following an 6.65 percent drop in value.
The company that analyzes blockchains, Santiment, took to Twitter (NYSE:TWTR) on September 28 to announce an announcement regarding certain Bitcoin (BTC) figures. According to the tweet the volume of trading has started rising in the cryptocurrency markets particularly for BTC.
Bitcoin Trading Volume
In the course of BTC’s minor drop in the Tuesday session of this week the leader in the crypto market was at its highest point in trading activity since the 14th of June 2022. Ever since, BTC’s trading volume has been steadily climbing after bottoming out in late January.
Related: Bitcoin once again drops below $20,000.
Bitcoin Tether US 1D
According to the market monitoring website CoinMarketCap, BTC is currently trading at $18,771.41 following an 6.65 percent decline in value which put it on the site’s top current list of the most popular stocks.
If you look at the longer periods of time, BTC is down 1.71 percent over the past seven days, and is down by 5% over the last month. BTC didhowever improve against its most powerful competitor, Ethereum (ETH), by approximately 0.54 percent in the past day..
As for market cap, BTC is currently standing at $360,273,946,755. At the date of this article BTC’s trading volume had increased by more than 10%, and was at $55,759771,114.
In examining BTC’s daily chart, it is possible to observe how the BTC price is in a tassel that is aligned with the 9-EMA (Exponential Moving Average) line. Additionally there is a Relative Strength Indicator (RSI) is a line that is now below the SMA line and could be a warning sign for the leader in the crypto market and investors could be required be ready for more losses.
Disclaimer Regarding the opinions and views of the author, and the data presented in this price analysis are provided in good trust. The reader is responsible for conducting their own research and exercise due diligence. Any decision taken by the user is at their sole risk. Coin Edition and its affiliates are not liable for any indirect or direct loss or damage.
Related: The biggest Fed rate increase in forty years? Five things you need to be aware of in Bitcoin this week
The article Bitcoin Trading Volumes Reach Highest Ever Since June first appeared at Coin Edition.
