Hello everyone. I hope you all are fine and from the coronavirus. We know that recently bitcoin halving happen and experts tells that bitcoin will reach at a peak value due to this halving till now we didn't see to much rise but today Bitcoin trading volume has just reached a 2020 high as a result of recently Bitcoin halving. Today the reaches its high value in this year. The value of bitcoin trading volume 2.5 billion dollars at the daily basis.
.jpeg)
According to the cryptocurrency exchange experts in the month of may bitcoin regularly changed hands two to three billion worth in a day . That means people are investing more in bitcoin in m after halving some people is buying the bitcoin where aome are selling it. After halving exchange of bitcoin increases triple as compared to the month of April. Experts tell that these figures are from only ten exchange apps and cites in real the exchange may be too much high than this .
The value of bitcoin trading volume now crosses the mark seen during the recent sell off in the month of march. At that time bitcoin was at the $9100 . At that time with in a week bitcoin crushed feom this value to the $4100 that was a value fall at that time. Most of the people who were seen buying the bitcoin because they know bitcoin halving is coming and they can see a big rise to its value. The trading volume skyrocketed upto a seven day average of 2.5 billion.
.jpeg)
Source
The value of bitcoin trading volume is now at its height since july 2018. At that time its seven day average trading volume briefly topped $3 billion per day while the price of Bitcoin was at the 13000 dollars. After that bitcoin trading volume dropped towards the end of the year.This gradually improving volume comes during a bullish 2020 so far. At its current value of $9,660, Bitcoin is now up more than 34% since the start of the year, with much of this growth coming as a result of a significant market rally between mid-March and today.
Also lot of people are seen searching about the bitcoin in the Google. Search value for bitcoin is also at its height. That implies lot of people are focusing on the cryptocurrency . This news is good for cryptocurrency this may rise the value of cryptocurrency.
I think this happen due to the recent ban lifting on cryptocurrency in india we know that population of india is too much and lifting of ban on cryptocurrency allow people from india in trading in cryptocurrency.
Thanks for reading
Congratulations @kmartin! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
You can view your badges on your board and compare to others on the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!
Welcome to PH (project.hope) community :)
Hope to hear more from you in the future.
ps. did you consider setting up profile picture? right now you account does look like bot.
Yours, Piotr
Hello @kmartin
Thank you for posting within our hive.
Please spare few minutes and read how project.hope is organized and learn about our economy.
That would help you understand more our goals and how are we trying to achieve them. Hopefully you will join our community and become strong part of it :)
Do you use telegram or discord? If you do then join our server and give me a shout. I would gladly share with you goals of our community and introduce to others from our team.
Our discord sever: https://discord.gg/uWMJTaW
Yours,
@project.hope team,