Editor's PiCK

Bitcoin Daily Trading Volume Drops 91% Compared to December 5 Last Year

Source
Son Min

Summary

  • Bitcoin's daily trading volume has decreased by 91% compared to December 5 last year.
  • The trading volume on the day Bitcoin surpassed $100,000 was $743 million.
  • For Bitcoin to rise above $105,000 in the future, an increase in trading volume and market liquidity are important.

The daily trading volume of Bitcoin (BTC) has decreased by 91% compared to December 5 last year. December 5 was the day when Bitcoin first surpassed $100,000.

On the 3rd (local time), Cointelegraph reported, "On December 5, when Bitcoin first surpassed $100,000, the daily trading volume of Bitcoin was $743 million," adding, "It is currently at $66.7 million, a 91% decrease." It further stated, "For Bitcoin to rise above $105,000, the trading volume needs to increase," and added, "In the short term, market liquidity and changes in the policy environment will play an important role."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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