The volume of bitcoin trading fell to October 2017 | informnews
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The volume of bitcoin trading fell to October 2017

The volume of bitcoin trading fell to October 2017

Over the past 24 hours, the volume of bitcoin trading has increased by 10%, but in General, analysts record a decrease in investor activity, according to the portal CCN.

During the day, the amount of operations with the main cryptocurrency amounted to 3.8 billion dollars. On October 28, the volume of bitcoin trading did not exceed 3.5 billion dollars. In General, the dynamics of the decline in the activity of cryptocurrency traders is fixed. Bitcoin trading indicators fell to the level of October last year.

the token is now trading in the red zone at the level of 6.3 thousand dollars. The second and third cryptocurrencies in terms of market capitalization, Ethereum and Ripple, fell in price by 3.63% and 3.19% to 197.09 and 0.44 dollars respectively.

The capitalization of the cryptocurrency market fell to the lowest level this year and is about 203.08 billion dollars, while the bitcoin dominance index continues to grow and has already beaten the figure of 54%.

Since August 9, the price of bitcoin did not exceed 6.6 thousand dollars, except for one jump in midSeptember. According to experts, at the moment there are risks of the token price falling to 6.2 thousand dollars, but most likely it will be shortterm.

Source: CoinMarketCap

The volatility of bitcoin remains at the lowest level since December last year, which can serve as proof of the entry of the market into a phase of gradual stabilization. Even if we see an unexpected growth of bitcoin and other cryptocurrencies, it will quickly stop, and the market will again move to a waitandsee tactic.

Despite the decline in the value of almost all major digital assets, they have managed to maintain their basic positions over the past two days.

One of the major investors and supporters of the cryptocurrency Tim Draper (Tim Draper) predicted the breakthrough of bitcoin to 250 thousand dollars by 2022. He is confident that the increase in the value of the main digital asset will occur gradually, as the number of supporters of decentralized technologies is growing slowly.

The explosion can also occur if you run the exchange CryptoRandom bitcoin ETF. If the SEC allows such funds to be launched, investors will become more active in the cryptocurrency market .


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