Traded volume on cryptocurrency exchanges is perhaps the best indicator of the health of the space as volume serves as a great indicator of interest in cryptocurrencies.
As price still hovers around $10,000, the legitimate trad...
Traded volume on cryptocurrency exchanges is perhaps the best indicator of the health of the space as volume serves as a great indicator of interest in cryptocurrencies.
As price still hovers around $10,000, the legitimate traded volume on spot cryptocurrency exchanges hit a 5-month low of $55 billion in August— falling by 50% since only two months ago.
Source: The Block, CoinGecko, CoinMarketCap
Historically, the spot traded volume has served as a lagging indicator of price — as the price increases, more people start trading and volume goes up. However, August seems to be the first month in the last three years when there is a significant discrepancy between volume and price.
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source https://www.tokentalk.co/The Block/cryptocurrency-traded-volume-dries-up-in-august-5d6e46c0b98396a4770c9755
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