Tag: Volume

Global Cryptocurrency Volume Down 75% from January High

As global cryptocurrency markets continue to slide from elusive January highs, it’s becoming increasingly evident that the next “boom” may be further away than many had anticipated. Bitcoin’s price is down nearly 50% from its local January 7 high of US$17,000, and other altcoins have seen average losses of about 60% in that same time frame. While these numbers are not encouraging indicators, what may be even more significant is the change …
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The Deceptive Nature of Market Capitalization

Market capitalization, for new and old investors alike, represents a deceptively complex figure. While many suggest that market cap is the proper way to determine the overall value of a coin, the value displayed by a coin’s market cap is a number that can and is easily manipulated by savvy and often unethical development teams. When inexperienced investors mistakenly base valuations off of a coin’s price per unit, most investors will …
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China’s Bitcoin Exchanges’ Volume Plummets as Regulators Crack Down

It all started on January 11th 2017, when regulators decided to initiate a crackdown on Chinese Bitcoin exchanges. The PBOC (People’s Bank Of China) investigated a number of exchanges for suspicion that they weren’t adhering to government regulations. A few days after the investigation began, Chinese exchanges announced that they will be adding fees to their trading platforms. Chinese exchanges have dominated the bitcoin market for as long as we can …
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LocalBitcoins Processed Nearly US$16m In Global Volume Last Week

Every week there seem to be new record trading volumes for LocalBitcoins in particular regions. That is not entirely surprising given the current financial turmoil plaguing economies all over the world. Last week, however, LocalBitcoins set a new weekly record volume of nearly US$16m. All of this goes to show that the global appetite for Bitcoin has increased rather than waned. LocalBitcoins Continues To Set Records Every Week One cannot deny …
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