Bitcoin volume is getting close to levels not seen since April of 2018

15 Mar, 2019
by David Borman
Analysis
Bitcoin volume is getting close to levels not seen since April of 2018

In a sign that brings some optimism that we are finally nearing the end of crypto winter, this month has seen some of the highest trading volumes for Bitcoin since April of 2018 according to Coin Market Cap.

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Yesterday saw a 24 hour trading volume of $10.4 billion USD, and just the other day on March 8th and 9th we saw $10.7 and $10.6 billion respectively. These are the highest levels seen for Bitcoin's volume since April 25th 2018 when the volume hit $11.9 billion.

This could be a good sign that some confidence is coming back into the market. Higher volume means more trades are occuring, which implies more people are beginning to get involved again. This doesn't necessarily translate into an immediate jump in price, but is definitely a positive sign for future market outlook.

Most coins seem to be doing well recently, and there is some reason to believe the first signs of crypto spring are here. As always, stick with Chepicap for all updates!

Read more: Litecoin is up 183% in 2019: What is pushing the price up?

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Read more about:Bitcoin (BTC)

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