BTC/USD broke above the 500-mark for the first time in over a year on November 04. It has shown consistent upward move since November 11, when it hit a low of 294.00 levels. The trend seems to have reversed over the weekend, with bitcoin price turning red and falling to 425.52 levels yesterday. It currently trades at 438.20 levels.
Speaking of trading volume, it peaked in November and has been unable to reach that high ever since. CoinDesk reported a report from Bitcoinity that showed that in November, the busiest day for exchanges was recorded on 26th November, when some 2.86 million worth of bitcoin was traded across all exchanges indexed by the data provider. Although the volume surge occurred during black Friday, market watchers told CoinDesk that the run-up was driven chiefly by traders and exchanges rather than commercial activity.
Read more at
http://www.econotimes.com/Bitcoin-Trading-Volume-Remains-Muted-In-December-134697#Y7Q7Tfudb4zHZB9Y.99
