Over the past week, Bitcoin‘s valuation has registered a depreciation of 6 percent, with its effects being immediately noticed with its market statistics.
According to Arcane Research’s recent report, the 7-day average trading volume for Bitcoin has drastically slowed down over the past couple of days. The report noted that on 22 January, the trading volume went down to $306 million, a figure that was recorded to be the lowest since 1 January.
Considering the fact that the average volume in January has been above $700 million for most of the month, such a huge drop in volume may underline an increase in the king coin’s volatility in the future. …
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