Bitcoin (Bitcoin: BITCOIN) passed the $4,000 mark this week and is holding above it to the delight of many — however, that’s not the most meaningful news of the last days.
It is the significant increase in Bitcoin trading volume felt yesterday, Thursday, Dec 20.
In fact, we are talking about a record volume: Crypto Quantamental, an experienced Wall Street portfolio manager, realized that the $2.26 billion of bitcoins traded yesterday was the highest value recorded in Bitcoin’s history.
In comparison with previous days, yesterday’s volume was greater by 3 to 4 times, according to Bitcoin.com.
Why it is important
- Some traders have assumed this news as a full reversal, believing that the interest in the crypto market has been reestablished.
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