As Bitcoin (BTC) approached the $31,000 level again, spot cryptocurrency volumes also increased.
Bitcoin with its big rise last week 31 thousand dollars While winking at the levels again, the prices on cryptocurrency exchanges 7-day average spot transaction volumes $15 billion He climbed on it.
According to The Block data, cryptocurrency exchanges 7 days old average spot transaction trading volumes 26 September in history 9.38 billion from dollars than 50% increasing too much Over 15 billion dollars on October 20 He watched.
The volume of cryptocurrencies in general still at low levels is available. Cryptocurrency exchanges only increased last month 311 billion dollars volume realization since 2020 at the lowest levels It shows that we are.
What does it mean?
The increase in transaction volumes was reported by the world’s largest investment company last week. BlackRock’s spot Bitcoin ETF (iShares) It is estimated that the impact of the fake news that it has been approved is high.
On the other hand, the increase in the spot transaction volumes in question is due to investors fleeing to protect themselves from the macroeconomic crisis and current war events. turning to Bitcoin And Bitcoin is gaining popularity again pointing out. This situation is explained by the increased possibility of spot Bitcoin ETF approval.
It is thought that a sharp rise in the Bitcoin price, increased spot trading volumes and dominance reaching a 30-month peak is a bull signal.