88% of Crypto Volume Could Be False: Is Bitcoin Price Drop Inevitable?4.4

If you take one look at Coin Market Cap, it becomes easily apparent that cryptocurrency trading is reaching multi-month highs. However, researchers claim that many established crypto exchanges are reporting billions in false volume each and every day, potentially setting precedent for a nasty drop in the Bitcoin price.

For much of late-2018, exchanges in this space saw little traffic. Case in point, the daily nominal value of cryptocurrency trades fell under $10 billion on a number of occasions. But, ever since Bitcoin’s tumble in mid-November, trading activity has purportedly been on the up-and-up.

Original source

Add comment

Please Sign in to be able to leave comments.