Bitcoin trading volume is at its lowest in more than four years
Publishing timestamp: 2023-08-28 16:49:26
Summary
The total volume of bitcoin held on all exchanges has reached its lowest level since 2018. Trading volume has significantly decreased, indicating a lack of interest from retail investors. The price of bitcoin is still up for the year, but the market remains quiet as investors wait for new catalysts, such as decisions on spot bitcoin ETF applications. Long-term investors are not easily shaken by recent weakness and believe in the long-term adoption of cryptocurrencies.
Sentiment: NEUTRAL
Tickers: BTC.CM=,
Keywords: breaking news: investing, investment strategy, business news, markets, bitcoin, bitcoin/usd coin metrics, cryptocurrency, breaking news: markets, technology,
Source: https://www.cnbc.com/2023/08/28/bitcoin-trading-volume-is-at-its-lowest-in-more-than-four-years.html