Binance Trading Volume Reaches All-Time High Amid Bitcoin’s Price Surge
As the Bitcoin price skyrocketed close to $9000 on April 29, Changpeng Zhao, or CZ, announced that Binance, the world’s largest crypto exchange, has hit $11 billion in trading volume over the past 24 hours. This number is considered an all-time high for the exchange. According to CZ’s post, the last time the exchange came near $11 billion was in early 2018. Today they reached a new record in terms of trading volume. Crypto community is bullish Crypto traders responded positively about the exchange’s ATH volume. Some believe that the trading volume will increase even more in the days to come. Other major exchanges were reportedly having issues handling the high trading volumes during the Bitcoim pump. Some members of the crypto community have praised Binance for operating without any such problems. Bitcoin’s halving is happening in less than two weeks. As Cointelegraph reported earlier today, the media buzz around the halving event has grabbed people’s attention globally. All major trends surrounding Bitcoin’s price appear to be positive.
A week of shock, on-chain transaction volume soared, Binance Bitcoin inflows surged 164%
From the data of the past week (03.09-03.15), with the sudden and sharp drop in the price of Bitcoin on March 12, compared with the previous week (03.02-03.08), the data on the chain has risen sharply. The main transaction volume is concentrated on Thursday On Friday, as the price of Bitcoin fluctuated gradually from $ 5,000 to $ 5,500, the activity of data on the chain also dropped significantly. Transaction amount: 03.02-03.08: 5587116.39 BTC 03.09-03.15: 10626347.83 BTC Increase from the previous week: 90.19% The detailed data chart is as follows: Actual transaction amount: 03.02-03.08: 3835451.42 BTC 03.09-03.15: 6772827.74 BTC Increase from the previous week: 76.58% Number of transactions: 03.02-03.08: 2350652 03.09-03.15: 2121416 Decrease from the previous week: 9.75% The decline from this data also reflects the relatively large amount of transactions that drove the transaction amount during the slump in the currency price, which may be direct large transfers between addresses, or it may be that more transactions were collected under the active state of the exchange Large transfers. Number of active addresses: (The address that initiated the transaction is considered the active address) 03.02-03.08: 3686153 03.09-03.15: 3583417 Decrease from the previous week: 2.79% From this data's turn to decline, it can also be seen that when the currency price is volatile, active addresses such as exchanges are the focus of the market and the core of the on-chain transaction pooling. Large transfers: (Single transaction initiated amount greater than 100BTC is considered a large amount transfer) 03.02-03.08: 6501 03.09-03.15: 14827 Increase from the previous week: 128.07% This data validates the above judgment. The number of large transfers rose rapidly after the currency price dived, setting the largest single-day large-value transaction record since November 22 last year. Binance exchange BTC flow data Inflow: 03.02-03.08: 49947.69 03.09-03.15: 132045 Increase from the previous week: 164.37% Outflow: 03.02-03.08: 48823.84 03.09-03.15: 135022.51 Increase from the previous week: 176.55% The detailed data chart is as follows: Net inflow: 03.02-03.08: 1623.85 03.09-03.15: -2977.51 Decrease from the previous week: 283.36% Binance's data once again reflects the core position of the exchange address on the chain. With the sharp fluctuations in the price of bitcoin, more bitcoin moves in and out of the exchange, which also causes a large amount of bitcoin inflow and outflow rise.
Binance Coin Price Analysis: BNB Surges 5% As Binance Launches Bitcoin Options. Author: Michael Fasogbon Last Updated Apr 13, 2020 @ 16:36. Binance Coin surged 5% to reach a current daily high of $15.1 but facing strong resistance around that area. Against Bitcoin, BNB reached 0.0022 BTC after breaking a four-week high today; The price action is looking bullish on the 4-hours chart, but BNB ... The bitcoin price cleared $8,450 on Bitstamp. Source: TradingView That’s the shocking analysis of crypto economist Alex Krüger, who warns that Binance’s decision to launch a regional US exchange and boot US traders from its core platform could fundamentally reshape the global cryptocurrency market.. Binance, as CCN.com reported, has partnered with BAM Trading Services Inc. to launch ... Bitcoin climbed 17% in a 24-hour period from Wednesday to Thursday afternoon, sharply rising after the Department of Labor reported a staggering 6.6 million new unemployment claims during the week ... The virtual currency was able to surpass Bitcoin Cash (BCH) as the 7th largest cryptocurrency in the world. Now it is very close to Chainlink (LINK) and Polkadot (DOT). Binance Coin Surges 15%. Binance Coin, one of the largest cryptocurrencies in the world has registered a massive growth of over 15% in the last 24 hours. Binance Coin price reached $30.82 per coin. The entire crypto community ... Bitcoin Remains Calm While Binance Coin Surges 20% and Eyes $30 (Market Watch) Author ... Bitcoin stays around $10,750, while Binance Coin continues to surge with another 5%. On a weekly scale, BNB is up by about 20%. After marking another price increase from $10,640 to $10,860, Bitcoin has slowed down around $10,750. Most larger-cap alts have remained relatively calm on a 24-hour scale ... [รีวิว] Binance เว็บเทรด Cryptocurrency แบบไร้เงินสดที่มีเหรียญให้เทรดถึง 150 เหรียญ [รีวิว] Bitazza เว็บโบรคเกอร์ซื้อขาย Bitcoin ฝีมือคนไทยเว็บแรกที่ได้รับใบอนุญาตจาก ... Crypto Market Volatility Surges, Sending Trading Volume on Binance to an All-Time High. Bitcoin and the entire crypto market saw intense bull-favoring volatility this morning that came about when BTC pushed from lows of $7,700 to highs of nearly $9,000, at which point it met some resistance that led it to decline slightly.. In the time since making this massive movement, the market has entered ... Bitcoin Approaches $11,000, Buterin Drops Ethereum Bombshell, and Binance Coin Surges – eToro Crypto Roundup. by Powered by eToro. October 6, 2020 . in Explore OUR STORY DISCOVER CRYPTOCURRENCIES NEWS AND UPDATES. Bitcoin remains buoyant and is now approaching $11k for the third time despite repeated waves of uncertainty crashing over the crypto market ... Binance Coin surges by ~22%; could it be the Burger talking? Published. 2 months ago. on. September 12, 2020. By. Namrata Shukla. Source: Pixabay. Share ; Tweet; The market’s ranking of the world’s top-10 cryptocurrencies by market cap has seen a host of changes over the past few months owing to a series of mini-rallies and corrections. For instance, apart from the top two positions, the ... Binance Coin Surges by Over 10%. Binance Coin Price is showing that it remains among the top 10 and for a reason. It now has a market valuation of $3.39 billion and it reached a price per coin of $23.49. This puts it very close to Cardano (ADA), Litecoin (LTC) and even Bitcoin SV (BSV).
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