Why Bitcoin Trading Volume Kept Soaring Over Last 7 Days
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Bitcoin is showing no weakness, and the bullish trend seems poised for an extension over the coming days. According to a report from Arcane Research, the cryptocurrency continues to lead the crypto rally as institutions return to the nascent sector, injecting more strength into the price action. As of this writing, Bitcoin trades at $22,900 with sideways movement in the last 24 hours. Over the previous week, the BTC price records an 8%. Other cryptocurrencies in the top 10 by market cap are recording profits, moving with the benchmark crypto. BTC’s price trends to the upside on the daily chart.
Bitcoin has experienced a hard couple of days after climbing above $30,000 last week. The coin reaching a new 9-month high triggered euphoria in the market. However, it has begun to wear off as Bitcoin has now returned to $28,000 once more. The question now is where does BTC go…
According to the latest onchain data shared by the cryptocurrency analytics platform Arkham, a Bitcoin transfer worth $760 million was made from a cryptocurrency address believed to be linked to Chinese crypto whale Garrett Jin to Binance. While it’s impossible to know what happens to these assets after the transfer…
On Thursday, April 3, United States President Donald Trump announced new trade tariffs on goods from different countries, with some Asian nations facing even steeper fees. While the US financial markets reacted negatively to this economic action, the crypto and Bitcoin markets have been able to withstand the global macroeconomic…