CoinBase High Volume Trade of Bitcoin Previous 14 Months
Bitcoin trading volume on home loan houses US-based cryptocurrency exchange, Coinbase, hit the highest amount seen in 14 months in May.
During the month of May, Coinbase facilitated the trade of 738,959.42 BTC worth approximately $5.9 billion at current market prices according to data from Bitcoinity.
This development marks the exchange's highest level of bitcoin trade volume since March of 2018. Additionally, it also represents the sixth-most voluminous month for bitcoin trading on the exchange to date. Perhaps not surprisingly, the rise in volume was accompanied through 60 percent price increase for the cryptocurrency simply by itself.
The most bitcoin ever traded in a month on Coinbase was December of 2017, when the cryptocurrency's reached as high as $19,891 and 1,275,295.522 BTC traded hands along the exchange.
Now with variances bitcoin trading roughly 60 percent under its all-time high at the period of writing, the total units traded in may coincidentally make up nearly 60 percent of the amount seen during the explosive trading month of December 2017. Disclosure: Creator holds several cryptocurrencies.
During the month of May, Coinbase facilitated the trade of 738,959.42 BTC worth approximately $5.9 billion at current market prices according to data from Bitcoinity.
This development marks the exchange's highest level of bitcoin trade volume since March of 2018. Additionally, it also represents the sixth-most voluminous month for bitcoin trading on the exchange to date. Perhaps not surprisingly, the rise in volume was accompanied through 60 percent price increase for the cryptocurrency simply by itself.
The most bitcoin ever traded in a month on Coinbase was December of 2017, when the cryptocurrency's reached as high as $19,891 and 1,275,295.522 BTC traded hands along the exchange.
Now with variances bitcoin trading roughly 60 percent under its all-time high at the period of writing, the total units traded in may coincidentally make up nearly 60 percent of the amount seen during the explosive trading month of December 2017. Disclosure: Creator holds several cryptocurrencies.
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