The sharp rise in the trading volume of meme coins recently traded in crypto money markets has highlighted the possibility of a decline in Bitcoin (BTC).
Data from the on-chain analytics platform Dune shows that meme coin trading volume is in the first week of May compared to the first week of last month. 41 million from dollars 2.3 billion rising to dollars 5,509% increase demonstrated that. Volume latest data two years -most at high levels It was noted that.
of bitcoin from their old fall before increased trading volumes of meme coins recalling a new drop the possibility of consideration expressed as necessary.
Also breast in the trading volume of coins happened in the last week 494% that the rise was released about 1 month ago and in a short time 1.8 billion reaching market value in dollars Pepe (PEPE) was also quite influential.
On the other hand, analysts bitcoin market declines are usually from saturation drew attention to its origin. Currently, Bitcoin price on you print market uncertainty and on the regulatory side your worries While underlining that the increase in transaction volume in meme coins, in this scenario, the in decline relating to may not be specified.
According to Coinecko data, the latest 30 days in 0.01% depreciating BTC, last 24 hours in 3.2% declining as of writing $27,963 traded at the level.
