The trading volume of Bitcoin and Ethereum reached the values of the beginning of 2018.
According to the observations of analysts DataLight, recently significantly increased trading volumes and liquidity leading cryptocurrency.
Thus, the volume of trading in Ethereum is currently about the same as in January 2018, when the price of the second largest cryptocurrency capitalization was at peak levels. The trading volume of Bitcoin has recently reached the values of April last year. Also, DataLight notes that since the beginning of 2019, the liquidity ratios of these two leading cryptocurrencies have increased several times.
This thesis is supported by the results of observations by Sam Wimet of CoinDesk. Using data from Coinmarketcap, he found that the total volume of cryptocurrency trading on Tuesday, February 19, reached 300-day-old indicators ($ 33.85 billion).
However, he notes, the bulk (about 88%) is generated mainly by only the ten most capitalized assets. Moreover, the current market indicators are still far from the maximum values. For example, on January 4, 2018, the total trading volume exceeded $ 68 billion.
Nevertheless, there are signs of recovery in the market and renewed investor interest in cryptocurrencies. Techanalyst under the nickname Crypto Rand notes that the total market capitalization has found support at $ 100 billion and now the chart is selected from the “Descending wedge” pattern, indicating that the value of cryptocurrency has continued to grow.
Earlier it was reported that the number of short positions on the Bitfinex exchange reached a six-month low.