Bitdata Special Report – What’s the dollar volume traded?
As Bitcoin prices approach $45 this morning - We thought it might be interesting to share data on the actual volume of Bitcoins traded. We aggregated the total volume traded across all exchanges and converted the volume to USD for the period between Nov 1 and Mar 5.
Some argue that this move in Bitcoin is caused by an increase in volume and thus interest in Bitcoins while others say that we haven’t seen a pick-up in actual volume. Both sides appear half right. There was a pick up in volume traded beginning in mid-January which helped push prices up from $12 to $25, however the volume increase in not pronounced between $25 and $40.