13th Jan 2020
The crypto market research company Arcane Research has published a report stating that the trading volume of Bitcoin (BTC) has more than doubled within the last 7 days. According to the report, the average daily trading volume on 7 days in early 2020 increased by 126% in one week, with almost $1.5 billion being traded on January 8th alone. The report says that the market recovered significantly from the disappointing $192 million traded on January 1st. Moreover, the report notes that activity on Bitcoin’s blockchain also showed a correlation, with the number of transactions rising 5% in a week.
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