Cryptocurrency exchange Bitmex has recorded a sharp increase in trading volume of the largest digital currency. The daily transaction volume with bitcoin exceeded $10 billion, which was a record figure in 2019.
View image on Twitter
New daily record of $BTC volume on @BitMEXdotcom. All exchange charts are much lower volume so it looks like these faithful beras are responsible for this massive volume. Thanks for providing your liquidations; couldn’t have done it w/o ya.
Note that at the end of last week, bitcoin rose by some trading platforms to $7550. In the night of Monday, may 13, began a negative correction, which resulted in the bitcoin fell to $7063.
The market capitalization of a digital asset was reduced to $125 billion, But bitcoin continues to hold a fundamental position, as evidenced by the growing volume of transactions with this company on almost all trading platforms.
A signal of continuation of the positive trend
Bitmex CEO Arthur Hayes already at the official level, recognized the explosive growth in the number of transactions with bitcoin and predicted the preservation of the coins volatility for the nearest time.
New record for BitMEX trading volume. Praise be to volatility and our fantastic traders!
According to him, the more trades trading platform will handle, the better, as in this case, we will have to wait for new price highs bitcoin.
The largest cryptocurrency dropped in April of this year by achieving new heights in may, she may demonstrate a more significant breakthrough, predict traders. One of the most likely scenarios is likely to be overcoming the psychological barrier of $8000.
Short-term reduction in the cost of BTC is possible, but overall the upward trend will dominate. One of the traders Alex Kruger posted on Twitter, which announced the introduction of bitcoin into a new phase of development, which qualitatively would differ from the current level of development of the cryptocurrency industry.
$BTC 2019 in perspective. That escalated quickly.
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