Is This Bull Sign? Volume Crossed $30 Billion

Bitcoin price surges $3900 today and currently trading at $3890 (at the time of writing). This price movement is different from the previous ones in terms of trading volume.

Bitcoin (BTC) has seen a massive bull run in 2017. Bitcoin made more than 20 times returns in 2017. Bitcoin started at a price of $950 in January 2017 and made an all-time high on 16 December 2017 the price touched $19670. 

Bitcoin (BTC) faced a massive drop just after the all-time high and price drop to $10,000. The bull market is over with the drop and the crypto market enters into the bear market. The bear market continues and hits very hard on Hodlers and Traders. 

Bitcoin (BTC) made a new all-time low after the massive bull of 2017. Bitcoin price hit $3100 in Nov 2018. 

The picture is changing now. The total trading volume is above $30 Billion. That’s the second time volume crossed $30 billion milestone the former will happen in May 2018 and now it happens again now.

Bitcoin total 24-hour volume is now $9.4 Billion. Bitcoin trading volume is at an all-time high after the bull of 2017. It’s too soon to say that the trend is changing. The only thing we can say is that the bear market is over and maybe the market is entering into the sideways market. 

Ethereum (ETH) outperformed Bitcoin in recovery and today shows double-digit gains. Ethereum gains 15.60 percent today and is now trading above $140 points. 

Most of the top 100 cryptocurrencies follow Bitcoin steps and shows good gains over the past 24 hours.

Things will change very fast.