Bitcoin Logs Record-Breaking Holiday Volume
According to David Lawant, head of research at FalconX, Bitcoin, the flagship cryptocurrency, recorded a whopping $46 billion in spot trading volume on Monday.
This is the largest print ever recorded during a holiday/weekend, according to Lawant. Notably, this is also the fifth-biggest volume print of all time.
Yesterday, the price of Bitcoin reached a new record high of $109,356. However, this rally was short-lived. The cryptocurrency ended up briefly retracing below the $100,000 level during the same day, printing an ugly candle on the chart.
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At press time, it is changing hands at $101,753 on the Bitstamp exchange.
According to data provided by CoinGlass, $747.71 million worth of crypto has been liquidated over the past 24 hours alone.
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