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Bitcoin Spot Volumes on Decline, Is Bottom Near?

coingape.com 29 May 2021 17:39, UTC

Bitcoin price dipped below $35,000 today currently trading at $34,135 with a 7% price decline over the last year. The price of top cryptocurrency is currently moving between $30k-$40k after the recent market correction, however, on-chain data indicate that Bitcoin price might be nearing its bottom as traders gear up for another bull rally. The spot volume for the top cryptocurrency is on a continuous decline even when the price of BTC has fallen 50% from its ATH.

BTC Spot Volune

coingape.com