✉news BusinessCrypto first seen 1 h ago, last 1 h ago, peak #19
Bitcoin spot volume climbs from July low, but analysts urge caution
Original: Bitcoin Spot Volume Recovers Modestly From July Low, but Stronger Demand Needed for New Highs
Bitcoin spot trading volume has recovered modestly from its July low, offering a sign of returning market activity. However, market commentators note that current demand remains too weak to push the cryptocurrency to new all-time highs, and a stronger and sustained inflow of buying would be needed for a fresh rally.
Why now: Traders are watching whether the recovery in volume signals a renewed bull run or just a temporary rebound.
Evidence
- Bitcoin Spot Volume Recovers Modestly From July Low, but Stronger Demand Needed for New Highs · en.bloomingbit.io
API: https://socialmediatrends-api.osmike.com/v1/trends/1071717