RATE Group | Bitcoin Volume Lowest Since BTC Was at $4,000: Price Breakout Near
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Bitcoin Volume Lowest Since BTC Was at $4,000: Price Breakout Near

17 Nov Bitcoin Volume Lowest Since BTC Was at $4,000: Price Breakout Near

Posted at 19:22h in Bitcoin News by

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For some reason or another, Saturday was an extremely quiet day for Bitcoin and the broader cryptocurrency market. In fact, Alameda Research CEO Sam Bankman-Fried, a crypto trader that has led a team to make over $50 million worth of BTC (according to some reports), wrote on Twitter that “this might be the lowest volume and volatility day the crypto industry has seen in a loooong time.”

Many say that this low-volume trend is indicative of an impending breakout — one that may decide the medium-term future of the entire crypto asset market.

Related Reading: Is Bitcoin’s Long-Term Price Uptrend Intact? Research Firm Says So

Bitcoin Volume Plunges Out of Nowhere

For more context on this “lifeless” market, here are some statistics. In the past 24 hours, top…

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