Bitcoin Trading Volume Falls To Lowest Level Since 2020

Bitcoin trading volume has fallen to its lowest level since 2020, according to a confidential research report.

BTC trading volume falls to lowest level since December 2020
Bitcoin trading volume hit a new one-day low this weekend, according to a confidential research report. The gauge has already fallen a week ago, but now stock market activity has fallen further.

Below is a chart showing how BTC’s daily trading volume has changed since last June:

Bitcoin trading volume looks set to fall further / source: Confidential Research
As you can see from the chart, BTC’s 7-day average daily trading volume has fallen to a new low for the year-about $ 2.2 billion.

A striking feature of the chart is that the indicator value is currently the same as December 14, 2020. The 2021 bull run began shortly after that date, when Bitcoin surpassed an all-time high (ATH) in 2017.

The volatility of the BTC Sunday is one of the lowest levels to date in 2021, possibly caused by a recession in cryptocurrency prices.

Meanwhile, the summer of 2020 also saw low activity and low market volatility on the leading bitcoin spot exchanges Dec. This summer could be similar.

Read On: Whale / Bitcoin Ratio Rises, Could An Accident Happen?

Price Биткоина
Since its publication, the BTC price has been hovering around 3 thousand dollars, down about 7% in the last 32.8 days. Instead, as he investigated last month, the value of the cryptocurrency has fallen by more than 12%.

Here is a chart with Bitcoin price change trend in the last 6 months:

BTC seems to be crashing again / source: BTCUSD on TradingView
The Bitcoin market has been stuck in a range-limited environment in recent weeks, and as a result the price of the cryptocurrency has barely changed. It fell below the $ 30k support line one day, but was quickly pumped back to the $ 35k resistance level.

Return on investment currently for 2021

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