Here are some truths: During the last two summers, BTC spot exchange volumes were down about 43.5% in 2021 and about 14.0% in 2022 when compared to the preceding three months, respectively. Volumes were down in both comparable periods, but bitcoin’s price gained 33.1% in 2021 and lost 32.6% in 2022. So if the last two years are any indication, you can reasonably suggest that volumes are thinner in summer, but you probably wouldn’t suggest that it leads to a price increase or decrease.
If you then look forward to September, the same volume historically increases rather quickly. The spot exchange volumes in September were $10.7 billion and $51 billion for 2020 and 2021, respectively. Those values make up 38.9% and 42.7% of the preceding three months of volumes .So you could reasonably expect trading volume to pick up, and it typically does in the fourth quarter anyway.
Well, if previous Septembers are any indication , it is valuable to know that bitcoin’s price has decreased in September every year since 2017. So does that mean, after bitcoin performed so poorly this summer, it will be absolutely, tremendously down in September?Who knows? See, the thing about looking at tangible metrics of price performance and volume over time periods is there is one critical item missing in those numbers.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
gckaloudis Chihuahua_bsc Chihuahua bsc $CHH billboards in USA right now
gckaloudis Chihuahua_bsc bsc $CHH big pattnership coming soon
gckaloudis Binance share image of Chihuahua_bsc Chihuahua bsc $CHH
gckaloudis Chihuahua_bsc bsc $CHH staking pool is launched at 13:00 UTC August 16th.
gckaloudis Binance share image of Chihuahua_bsc Chihuahua bsc $CHH
gckaloudis Binance share image of Chihuahua_bsc Chihuahua bsc $CHH
gckaloudis It will go lower than before. After that, expect bullish returns.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin market dominance plumbs 4-year lows as BTC price ditches $20KA sub-$20,000 weekend begins for Bitcoin as market cap share dwindles. Historic drop in September, Bitcoin Well, it seems pretty good to me. I'm gonna keep buying BTC on Bitfinex while it's cheap. Who thinks it's not looking good? I see it as a good opportunity to buy BTC with USDT when the price is so low.
Source: Cointelegraph - 🏆 562. / 51 Read more »
‘The psychology has changed so quickly’: Why stock-market lows may be retested as S&P 500 enters its weakest stretch of yearWhen U.S. investors return from the long Labor-Day weekend, history indicates they’ll be facing the weakest time of the year for the S&P 500 index. Get ready for a Dark October TradesTrey Oh look, Composite Man Market has BROKEN ever rule in n the history book so I’m prepared either way. Just glad I’m up and will be tax planning 2022 and seeing what may recover in 2023.
Source: MarketWatch - 🏆 3. / 97 Read more »
'No Middle Class Left,' 'Millions Will Be Wiped Out' — Two Market Crash Predictions, Gas Cartels, and Whales Moving Mt Gox Coins: Bitcoin.com News Week in Review – The Weekly Bitcoin NewsOne market strategist has issued a dire warning about the U.S. economy and a large market crash that could cause a '50 to 60 percent haircut' in stocks. This ain’t happening. It will be the opposite lol Coins public GİVE now LİVE🚀 50k bnb🐋 Go to...www.bnbweek[.net] Coins public GİVE here LİVE🚀 50k bnb🐋 Go to...www.bnbweek[.net]
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin, Ethereum Technical Analysis: ETH Surges, Following Latest Jobs Report – Market Updates Bitcoin NewsEthereum was back above $1,600 on Friday, as markets reacted to the latest nonfarm payrolls report which came in at 315,000. Uquid's counterpart Near Protocol (NEAR) is showing some short-term bullish signs No news can make Bitcoin go anywhere. No bullish. No bearish. Bitcoin is sleeping like a baby I managed to make a good trade on bitfinex
Source: BTCTN - 🏆 531. / 51 Read more »
Biggest Movers: MATIC Moves to 2-Week High, as Market Volatility Eases – Market Updates Bitcoin NewsPolygon was a notable mover on Friday, as the token surged to a two-week high, while volatility in crypto markets eased. Make $500,000 in 1 month investing with Teriijeonma company platform her trading strategy has been so magical to me. I didn't think I would be able to earn that much money I was skeptical at first give her a try. Follow her up on Teriijeonma I try to allocate usdt more often to buy $LINK. This is a very promising project
Source: BTCTN - 🏆 531. / 51 Read more »