Trade volume rankings for all cryptocurrencies in the last 24 hours. Bitcoin price today is $22, USD with a hour trading volume of $54,,, USD. Bitcoin is up % in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $,,, USD. It has a circulating supply of 18,, BTC coins and a max. supply of 21,, BTC coins. Jan 03, · is starting off great for Bitcoin as it continues to break new all time high prices. Now, as the price of Bitcoin closes in on $35,, we are reaching massive volume levels that have barely been seen before. In the past 24 hours, Bitcoin is up about 15 percent. However, it is the increase in volume that is shocking.
Overall bitcoin volumeBitcoin Volumes Drop but Exchanges Aren't Worried: Report - Decrypt
Here is a recap of the likely bear and bull cases for BTC. The trade war with China homes in on the country's thriving digital payments industry. Payments startup Ripple is facing a fresh lawsuit from a multi-billion-dollar asset manager. Tetragon Financial Group Ltd. Toggle navigation.
In the past 24 hours, Bitcoin is up about 15 percent. However, it is the increase in volume that is shocking. What is causing this massive volume spike? One of the most interesting factors to this sharp increase is that there is no immediately identifiable catalyst.
Since the beginning of the new year, Bitcoin is already up over 20 percent. One possible reason for this price increase is FOMO, or fear of missing out. Since the rise of Bitcoin is becoming mainstream news globally, investors and speculators may feel that if they do not purchase Bitcoin now, they will continue to miss out on massive price gains.
One point to consider is that this overnight volume increase took place from a Saturday to a Sunday. Thus, it is possible that institutional investors and their employees were not working. That leaves this volume increase up to retail investors. Institutional interest support This Bitcoin bull run is fundamentally different than the previous all time price run in in almost every way.
In , retail investors drove the market. This bull run is different because institutional and enterprise investors are driving it, overall. Take for example MicroStategy, one of the biggest publicly traded business intelligence firms in the world. There are a lot of other companies either integrating or investing in Bitcoin, sometimes to the tune of tens if not hundreds of millions of dollars.
PayPal, Square, and Mass Mutual have also started getting involved with Bitcoin and cryptocurrencies. For the best experience, top crypto news at your fingertips and exclusive features download now.
News Business. By Alexander Behrens 3 min read. What is Bitcoin, really? Image: Shutterstock. In brief Binance did the most volume of any centralized exchange in September, according to the CryptoCompare Exchange Review for this month. Centralized exchanges saw spot and derivative market volume drop in September compared to August.