Bitcoin has aroused great trading interest since it exceeded 4,000 dollars, and, despite the fact that it fell again, Binans reported that it was overloaded.
Since November of last year, Bitcoin had a mark of $ 4,000, and when the cryptocurrency was able to overcome it, it caused a lot of excitement and recovery in the market. Many thought that this might indicate a change in mood, and that the bull might be just around the corner.
However, the level was tested and failed, as the price of cryptocurrency then fell to $ 3,700. Nevertheless, the trading volume was huge, so Binance, one of the largest stock exchanges in the world, reported that it was overloaded.
When bitcoin began to fall, trading volume rose to 11 billion dollars. Most of this trade has gone through Binance, causing a disruption, but also indicating a renewed interest in the cryptocurrency market.
Before the rise to $ 4,000, Bitcoin's trade volume was about $ 7 billion, but even after this price drop, the volume still stood at $ 10 billion.
Panic Binance
Binance, the largest digital currency exchange in the market in terms of trading volume, faced some problems with services offered on weekends due to price fluctuations.
In fact, their representative CEO even turned to Twitter to explain how the increase in trade is destroying their system. Changphen "CZ" Zhao said that a few hours ago the exchange had experienced a record high load on the trading system. Some users experienced user interface delays during system auto-scaling.
Added interest?
Much has changed in the cryptocurrency markets from a historic high of December 2017. Volatility has substantially leveled off, the price, of course, has dropped significantly, and with it the general excitement about investing in the cryptocurrency market has fallen.
With less excitement and movement, and, therefore, liquidity in the market, this made it difficult for the bearish cycle to exit. However, with this heightened interest through greater trading volume, there is every chance that the volatility of the cryptocurrency market may return, and overall growth may still be on the cards.
Since November of last year, Bitcoin had a mark of $ 4,000, and when the cryptocurrency was able to overcome it, it caused a lot of excitement and recovery in the market. Many thought that this might indicate a change in mood, and that the bull might be just around the corner.
However, the level was tested and failed, as the price of cryptocurrency then fell to $ 3,700. Nevertheless, the trading volume was huge, so Binance, one of the largest stock exchanges in the world, reported that it was overloaded.
When bitcoin began to fall, trading volume rose to 11 billion dollars. Most of this trade has gone through Binance, causing a disruption, but also indicating a renewed interest in the cryptocurrency market.
Before the rise to $ 4,000, Bitcoin's trade volume was about $ 7 billion, but even after this price drop, the volume still stood at $ 10 billion.
Panic Binance
Binance, the largest digital currency exchange in the market in terms of trading volume, faced some problems with services offered on weekends due to price fluctuations.
In fact, their representative CEO even turned to Twitter to explain how the increase in trade is destroying their system. Changphen "CZ" Zhao said that a few hours ago the exchange had experienced a record high load on the trading system. Some users experienced user interface delays during system auto-scaling.
Added interest?
Much has changed in the cryptocurrency markets from a historic high of December 2017. Volatility has substantially leveled off, the price, of course, has dropped significantly, and with it the general excitement about investing in the cryptocurrency market has fallen.
With less excitement and movement, and, therefore, liquidity in the market, this made it difficult for the bearish cycle to exit. However, with this heightened interest through greater trading volume, there is every chance that the volatility of the cryptocurrency market may return, and overall growth may still be on the cards.
