ביטקאָין טריידינג באַנד אַראָפּ צו 3-חודש נידעריק ווי פטקס וואַלאַטילאַטי פיידז

Data shows the Bitcoin trading volume has plunged to a 3-month low as renewed market volatility due to the FTX fiasco fades away.

Bitcoin 7-Day Average Trading Volume Has Plummeted This Week

לויט די לעצטע וואכנשריפט באריכט פון אַרקאַנע פאָרשונג, the activity in the BTC market has slowed down recently.

די "טעגלעך טריידינג באַנד” is an indicator that measures the total amount of Bitcoin being traded on the Bitwise 10 exchanges every day.

While the Bitwise 10 exchanges don’t make up the entire market, they still provide a decent approximation for activity across the spot exchanges.

When the value of the trading volume is high, it means investors are moving around large amounts on spot markets currently. Such a trend shows traders are active right now.

On the other hand, low values of the metric suggest there isn’t much activity going on in exchanges at the moment. This could be a sign that interest around the crypto is low currently.

איצט, דאָ איז אַ טשאַרט וואָס ווייזט די גאַנג אין די 7-טאָג דורכשניטלעך ביטקאָין טעגלעך טריידינג באַנד איבער די לעצטע יאָר:

The weekly average value of the metric seems to have gone down in recent days | Source: אַרקאַנע פאָרשונג איז פאָרויס פון די ויסבייג - 22 נאוועמבער

As you can see in the above graph, the 7-day average Bitcoin trading volume had been at yearly highs just a little while ago.

This high activity on spot markets was caused by the collapse of crypto exchange FTX, which caused rush among investors to make some moves.

די BTC וואַלאַטילאַטי had also shot up in the same period as the price of the crypto observed a deep crash.

In the last week, however, both the previously high activity and the volatility have dwindled down as the market has stabilized a bit.

Amid this calm market, the weekly average Bitcoin trading volumes have now plunged to lows not seen since around three months ago.

בטק פּרייס

אין דער צייט פון שרייבן, די פּרייַז פון ביטקאָין פלאַץ אַרום $ 16.5 ק, אַראָפּ 1% אין די לעצטע וואָך. אין די לעצטע חודש, די קריפּטאָ האט פאַרפאַלן 14% אין ווערט.

ונטער איז אַ טשאַרט וואָס ווייזט די גאַנג אין די פּרייַז פון די מאַטבייע אין די לעצטע פינף טעג.

Looks like the the value of the crypto has surged up during the past day | Source: בטקוסד אויף טראַדינגוויעוו

Bitcoin had plunged below $16k just a couple of days back, but over the last day or so the crypto’s price has already made a recovery above the $16.5k mark.

פיטשערד בילד פון Dmitry Demidko אויף Unsplash.com, טשאַרץ פון TradingView.com, Arcane Research