Read the success stories of crypto entrepreneurs.

Discussions are fun when we are part of a community.
Login Free Registration

Get 10 AltcoinN Points just by registering on this forums.


Sinking volumes and volatility

#1
While all of this is highly encouraging for Bitcoin’s long-term prospects, sinking levels of volume and volatility could cast uncertainty over the conviction of the coin’s latest uptrend.
CoinMarketCap has recorded steady growth in Bitcoin volumes over the last 24 months, and yet several research outfits claim the bulk of this data is inaccurate.

Bitcoin volumes – CoinMarketCap
In May 2019, digital asset manager Bitwise published a report that dismissed the methods used by CMC and claimed up to 95 percent of the platform’s volume is “fake,” stating:
“Despite its widespread use, the CoinMarketCap.com data is wrong. It includes a large amount of fake and/or non-economic trading volume, thereby giving a fundamentally mistaken impression of the true size and nature of the bitcoin market.”
In contrast, Arcane Research extrapolated data from Bitwise’s “real volume” feed and found that spot volumes are now down about 90 percent from June 2019, when Bitcoin made its high for the year ($13,800).

“Real BTC-USD Volume, 7-day average – Arcane Research
Volatility has recently been lethargic, which could also indicate a low likelihood Bitcoin’s latest rally will be long-lasting. Volatility is at its lowest in nearly ten months, after having dropped by nearly 50 percent in the last few days of December (this can likely be attributed to an absence of institutional traders during the holiday season).
Reply


Possibly Related Threads…
Thread Author Replies Views Last Post
  Bid Farewell To Volatility GSXDistribution 0 322 07-21-2020, 09:52 AM
Last Post: GSXDistribution
  Manage Crypto Trade Volatility With Proper Strategies amyseimetz 0 459 05-29-2020, 05:05 AM
Last Post: amyseimetz