This website uses Cookies

We use cookies to provide social media features, to personalize content and ads, and to analyze traffic to our site. Read more here.

I agree. I do not agree.

Mondays Are the Best Days to Buy Bitcoin

Taking a deeper look at Bitcoin returns for a longer time period, Mondays offer the best average return from all the days of the week (0.54%). On the other hand, Thursday and Wednesday are the worst days of the week to invest in Bitcoin with an average return of -0.09% and -0.23%, respectively.

Average Daily Return for each Day of the Week between April 2013 and January 2020 by CoinTelegraph

Source: Cointelegraph:
Click here to read the full article

BTC Trading Volumes More than Doubled in a Week

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.

Source: Cointelegraph:
Click here to read the full article

Bitcoin Annual Review – 2019

It is easy to forget that Bitcoin did not perform that badly this year. The second half of 2019 was bearish, but not the first half. In reality, Bitcoin has risen from USD 3,740 on New Year’s Eve 2018 to currently USD 7,480, which is a 100% increase in value.

Source: CoinMarketCap

In fact, Bitcoin began to crawl out of a long bear market at the beginning of 2019, with the bear market bottoming out at USD 3,200 just a few weeks before New Year’s Eve 2019. Bitcoin then remained volatile and flat until early February, only at the end of March did Bitcoin slowly begin to emerge and reach USD 4,000.

Things then became exciting in April and May, when Bitcoin rose to USD 8,500. In late June and early July, Bitcoin then shot up to $13,800.

Since then, the Bitcoin market has felt somewhat bearish and is in a persistent decline. However, after a low of USD 6,500 in mid-December, Bitcoin has risen again to USD 7,200, which raises hopes of a bottom and a renewed rise next year.

Join our Telegram channel!