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Cryptocurrency trading volume up 960% in two years :: RBC.Crypto

Now the daily amount of market transactions is US $ 53 billion, although in 2017, when the market actively increased in price, this figure was around US $ 5 billion, even falling to US $ 2 billion.

The volume of digital money trading has increased by 960% over the past two years. Back then, the amount of transactions on the market was about $ 5 billion, and at the beginning of October it was $ 2 billion. In December 2017, when Bitcoin set a historic maximum of $ 20,000, the exchange could not handle customer inflows , the volume of trading does not exceed $ 50 billion.

At the moment, the figure is $ 53.6 billion, while the maximum of $ 135 billion was set at the end two months ago – at the end of June. At the same time, market capitalization is now twice as high, at $ 280 billion, than it was in the summer of 2017, when it was $ 135 billion.

Today, Bitcoin trades at $ 10,513. Over the past day, its rate has declined by 4.5%. Earlier, analyst Omkar Godboyl warned that the price of the asset could rise to $ 10,700 as soon as possible, lowering it to $ 10,000.Then, the coin could start to rise in the long run. , should gain a base for over $ 12,000, the expert is sure.

You can find more cryptocurrency news on our RBC-Crypto telegraph channel.

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