Bitcoin Trading Volume on Coinbase Hits Year High
- June 8, 2019
- Posted by: P2PEP
- Category: P2PEP NEWS
Bitcoin trading volume on crypto exchange Coinbase recently hit 263,000 in May, a volume which had not been seen since February 4, 2018.
Bitcoin (BTC) trading volume on major cryptocurrency exchange Coinbase recently hit a high of 263,000 on May 12, a volume which has not been seen since February 4, 2018. Bitcoin most recently approached this number in November, with a peak of 259,000 on the 18th.
Bitcoin 2-year volume chart. Source: Bitcoinity
The Bitcoin price was similar between the two peaks at or above 263,000 volume, near $7,710 and $7,950 for May 12 and February 4, 2018 respectively, but these are larger than the similar peak on November 18 when BTC was sitting around $4,410.
Bitcoin 2-year price chart. Source: Bitcoinity
For volatility, however, there is much more similarity between the spikes in May and November than the high in February. May 12 and November 18 saw volatility ratings of 16.7 and 10.3 respectively, with February 4 volatility clocking in at a whopping 54.7.