The current price of Bitcoin is $3320 with 24 hour volume is leveling right around 4.3 billion USD mark. Since last week, Bitcoin has dropped roughly $150+ resulting
in a 4.5% reduction. Volume to has reduced significantly over the course of the past week.
Nearly a 33% drop off in volume has occurred as crypto markets have begun to momentarily stabilize.
Could this mean a bounce is in the cards?
Given that the crypto markets have lost roughly 50% of its value in the past 30 days, a bounce in the near future does seem likely. This being accompanied by the current range showing decent stability and gigantic sell volume subsiding offers some promise / hope.
Once again, as crypto price action seems to drag on in no man’s land, the space is marching forwards as positive infrastructure continues to be put in motion.