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Dec. 21, 2018

Bitcoin (Bitcoin: BITCOIN) passed the $4,000 mark this week and is holding above it to the delight of many — however, that’s not the most meaningful news of the last days.

It is the significant increase in Bitcoin trading volume felt yesterday, Thursday, Dec 20.

In fact, we are talking about a record volume: Crypto Quantamental, an experienced Wall Street portfolio manager, realized that the $2.26 billion of bitcoins traded yesterday was the highest value recorded in Bitcoin’s history.

In comparison with previous days, yesterday’s volume was greater by 3 to 4 times, according to Bitcoin.com.

Why it is important

  • Some traders have assumed this news as a full reversal, believing that the interest in the crypto market has been reestablished.

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