[2019-03-19]Is the Crypto Winter Over? Bitcoin Trading Volume Over $10 Bln

[Vladdirescu87]

Bitcoin average trading volume has now reached new highs since 11 months ago. Bitcoin is the globe’s leading cryptocurrency by market cap. BTC/USD is trading at $4,032 and the total MC is at $139.587 billion, at press time. It has surged up around 150% since October’s record lows. The average daily Bitcoin transaction volume hasn’t registered levels this high since January last year.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-trading-volume/

[cr1776]

We are about 13-14 months from the next halving.  That and more use cases will power the next leg up.  Anyone who has held more than a year or 2 has done great.

[Kemarit]

I really don't know if we can call trading volume a good indicator though. There are a lot of exchanges doing wash trading and also some are doing OTC so I don't think that we should focus on this kind measurement to really gauge if we are out of crypto winter or not. If bears are really exhausted then we will see a eventual jump in the price but so far is remains around the $3900-$4000. So no, we are still in the bearish trend and the bull are not yet ready to enter the ecosystem, sad to say.

[Betwrong]

I really don't know if we can call trading volume a good indicator though. There are a lot of exchanges doing wash trading and also some are doing OTC ~

That's what I thought too while reading the article. Also, I think that most new investors are not traders and thus they are not contributing to the trading volume.

I wonder if it is possible at all to estimate the influx of new investors? The rising of the price would be a clear evidence of that, but what else can tell us that the number of Bitcoin adopters is increasing? Properly organized polls? Maybe. But what else?

Anyway, it is clear that this

... lesser investors were seen penetrating into the digital currency market. The lower trading volumes registered between June to October last year was clear evidence.

is a flawed argument.

[Lucius]

When you start read article and there is observation that bitcoin is leading cryptocurrency by market capitalization should we read further or not? Ethereum&Ripple have almost 5 time less market cap, the others coins is not worth mentioning.

It is true that trading volume is crossed 10$ billion few times in this month, but we have very similar data in February of this year. This is not sign that crypto winter is over, except for those who write sensationalist articles.

[gentlemand]

https://coinmarketcap.com/currencies/bitcoin/#markets

Look at that.

Hand on heart I have only heard of 2 of those 'top' exchanges in the upper 30.

It's time CMC stopped being used as a reference. Anywhere after credibility would not list these fuckholes.