Home Blockchain News Bitcoin Trading Volume Sunk to 2-Yr Low in March as Price Cratered 75%

Bitcoin Trading Volume Sunk to 2-Yr Low in March as Price Cratered 75%

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By CCN.com: Bitcoin trading volume tumbled to a two-year low in March 2019 as the industry was in the midst of a prolonged crypto bear market. Cryptocurrency exchanges reacted by raising trading fees, according to TradeBlock, a provider of trading tools for digital currencies. The fee hikes are not surprising because it’s a defensive maneuver to protect against dwindling revenues from falling trading volumes. “In 2018 and early 2019, prices contracted and trading volumes declined significantly from their peak. On average, exchanges raised fees on both the maker and taker sides in 2018 and 2019. “An increase in trading fees

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* First published on ccn.com

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