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Bitcoin Hits $34,800 as Daily Trading Volume Hits Nine Month Low

Bitcoin Hits $34,800 as Daily Trading Volume Hits Nine Month Low


BeInCrypto –

Bitcoin has recovered from its weekly low as it hits a two-week-high, despite daily trading volume plummeting to its lowest levels since October 2020.

Bitcoin has managed to recover significant ground following its bearish sentiment earlier in the week. The price reached a new two-week high of $34,800 on Binance. Despite the steady climb in price, on-chain analysis indicates that bitcoin’s daily trading volume is at its lowest since October 2020, according to Santiment.

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