Bitcoin Resilient Amid Falling Volume. What is Next for Crypto?

Bash4j

Active member
In spite of BTC's resilience, the declining volumes, and activity in the crypto space are evident just as Bitcoin price remains stable in Q2 even as altcoins like BGB maintain steady price surges while BNB XRP OP and a few others experience a double drag down.
The latest report by Coingecko reveals that BTC outperformed the overall crypto market cap by 6.9%, though it lagged behind the Nasdaq and S&P 500, which gained 14% and 8%, respectively.
This is interesting as BTC usually behaves like a risk asset and typically outperforms the Nasdaq both to the upside and downside.
What is Next for the Crypto space?
 

BashirJasper

Active member
The trading volume continuous fall has resulted in a dip in price of BTC and may have set the tone for DCA. We've also recorded some institutional accumulation since the drop. Coincidentally, the drop could signal a massive short trading on exchanges further reducing the liquidity on exchanges with some exchanges hosting trading competition also
 

ImamShaheb

Valued Contributor
In spite of BTC's resilience, the declining volumes, and activity in the crypto space are evident just as Bitcoin price remains stable in Q2 even as altcoins like BGB maintain steady price surges while BNB XRP OP and a few others experience a double drag down.
The latest report by Coingecko reveals that BTC outperformed the overall crypto market cap by 6.9%, though it lagged behind the Nasdaq and S&P 500, which gained 14% and 8%, respectively.
This is interesting as BTC usually behaves like a risk asset and typically outperforms the Nasdaq both to the upside and downside.
What is Next for the Crypto space?
BTC surged... Time for BGB to 🚀 IMG_20231113_181617.jpg
 

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