Bull market: BitMEX reports record Bitcoin trading volume of $10 billion

12 May, 2019
by Will Heasman
Bitcoin
Bull market: BitMEX reports record Bitcoin trading volume of $10 billion

Today hasn’t just brought a 2019 bitcoin price high but also a record bitcoin trading high on crypto exchange BitMEX.

As the bulls continue pushing and the bears continue to capitulate and liquidate bitcoin (BTC) trading volume on BitMEX managed to hit record daily volumes of $10 billion as a consequence bitcoin hit a new 2019 high of $7550.

Arther hayes, CEO of BitMEX also made note of this momentous occasion, praising the volatility of BTC.

incredibly this record has been broken on a weekend, a period where traditionally the markets see a slight pullback.

It's fair to say we’re very much back in bull territory as recently pointed out by many prominent crypto propagators.

However, in the short term some analysts point to price receding, before any further rally, noting a battleground for bulls and bears around $7500, a factor which seems to have played out in the past few hours, as BTC cites a slight pullback: 

 BTC/USD Chart provided by Tradingview

However, pullbacks and dips are bound to occur, even in a bull market, and as many analysts point out, these could simply provide further buying opportunities; however, today hasn’t just brought a 2019 bitcoin price high but also a record bitcoin trading high on crypto exchange BitMEX. with such volaility anything is possible. Be careful out there. 

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Chepicap is now LIVE in Blockfolio! This is how you receive our latest news in your portfolio tracker!  

Poll

Is Bitcoin on its way to $8,000?

(190 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage