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Binance Records All-Time High In System Traffic After Bitcoin Broke Through $12,000

Amy Liu

Summary: Leading cryptocurrency exchange Binance has reported a new record high of system activity. This is coming right after Bitcoin broke through the  $12,000 price earlier today. This may impact altcoins negatively as it has always done when Bitcoin pumped significantly in a short time. Analysts are hopeful that altcoins may rally again once Bitcoin hits another stop. Meanwhile, Bitcoin’s transaction volume has also ...

Leading cryptocurrency exchange Binance has reported a new record high of system activity. This is coming right after Bitcoin broke through the  $12,000 price earlier today.

This may impact altcoins negatively as it has always done when Bitcoin pumped significantly in a short time. Analysts are hopeful that altcoins may rally again once Bitcoin hits another stop.

Meanwhile, Bitcoin’s transaction volume has also increased significantly in the last 24 hours, coinciding with Binance’s new activity high. Bitcoin currently trades at $12,271 and has been rising fast, albeit with a lot of up and down movements. According to data from Glassnode, transaction volume has surged 60% to 103,715.628 BTC from 64,829.803 BTC.

By Amy Liu

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