Bitcoin Update: Super Low Daily Volume

Bitcoin Update: Super Low Daily Volume

By Yawloz | Learn & Earn | 6 Feb 2022


Bitcoin Update: Super Low Daily Volume

 

I've been on Binance for a few hours and that's all I see.

At the time written the pair with the most volume is GALA/USDT for 850 Million Dollars. Amazing stats from Gala!

But where is Bitcoin? Why isn't in the first place like always? Well the second pair in Binance is BTC/USDT with 836 Million Dollars. Of course this only shows the specific pair, in Binance.

So I went back to coinmarketcap.com to check hows is the daily volume overall. This is what I see. In the last 24 hours the volume is $16,553,196,625, 44% Drop from yesterday!

So after the big pump the last 2 days, after the break of the downwards trendline (full post here: https://www.publish0x.com/learn-earn2/bitcoin-broke-the-downwards-trendline-xznvymz), now there is a big volume drop. As I said in the post I mentioned, I will wait a few days for a re-test on the downwards trendline, because who knows, that might only be a fake-out. 

A bit off topic but what is going on with GALA you may ask. Well after the 26% drop of Meta Platforms aka Facebook (read my full post here: https://www.publish0x.com/learn-earn2/stock-market-drops-20-percent-will-this-affect-cryptos-xlzrlql), and after the pump of Bitcoin which has a 41% Market Dominance, we saw huge power from the Metaverse Cryptos such as The Sandbox, Decentraland and Gala as well!

That's my Daily Update on Bitcoin. What's your thoughts?

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Yawloz
Yawloz

I am Bsc Economics Science Graduate, Former Bank Teller and Investor in Cryptocurrencies, Stocks & NFTs. I will share with you all my knowledge, hopefully so we can start from a blog and become a really helpful community!


Learn & Earn
Learn & Earn

I am Bsc Economics Science Graduate, Former Bank Teller and Investor in Cryptocurrencies, Stocks & NFTs. I will share with you all my knowledge, hopefully so we can start from a blog and become a really helpful community!

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