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Bitcoin's Recent Surge Actually A Fluke?

Ramsey Baker

Summary: Bitcoin has been on the rise over the past nine days clawing its way back up to $8,400, according to CoinDesk. While this seems great Bitcoin investors shouldn’t get their hopes up too much however, as the 9% rise has been based on its current low volume of trades. The trade volume of Bitcoin is ...

Bitcoin has been on the rise over the past nine days clawing its way back up to $8,400, according to CoinDesk. While this seems great Bitcoin investors shouldn’t get their hopes up too much however, as the 9% rise has been based on its current low volume of trades. The trade volume of Bitcoin is only $19 billion which is down 42% from their high of $33 billion seen on May 16. That $18 billion is even lower than the sell volume of $24 billion and $29 billion seen on May 30 and June 4.

Author: Ramsey Baker

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