Markets Update: Daily Cryptocurrency Volumes Surpass $1 Billion

[jamie.redman1]

Over the past week, the exchange rate of one bitcoin has continued to hold above the US$1,200 range, maintaining an average of $1,215-1,235 per BTC. As bitcoin’s price has consolidated, cryptocurrency markets in general have increased in volume significantly. Currently, 24-hour cryptocurrency trading volume now exceeds $1 billion in trades per day reaching a new milestone.

The price of a bitcoin has been quite stable over the seven-day period since the rejected ETF decision last Friday. Initially, bitcoin markets reacted with a price rise while waiting for the decision on March 10 and after the SEC’s announcement market prices declined. Since then bitcoin’s value has recovered from the downturn and increased in value to a high of $1,260 on March 15. Bitcoin volume has been incredibly high, reaching an average of over $500 million USD worth of volume daily.

Read More Here: https://news.bitcoin.com/markets-update ... 1-billion/