All of the above events are perfectly normal and easy to understand. The interesting part is that BTC prices have stayed around these new levels to date.
1. Number of exchanges have increased.
2. More institutional players are in the markets.
3. More wash-trading or fake volumes on the exchanges than before.
Even after accounting for both of the above, the spike in trading volumes is impressive.
Looking ahead...
Authors: Joseph Thurakal
FalconX, a cryptocurrency financial services company that provides institutions trading, credit, and clearing backed by Tiger Global and B Capital Group, among others, has been granted a Class...
Paul Tudor Jones generated major buzz among the financial media last week, revealing he invested in Bitcoin futures as a macro-hedge against monetary inflation and going so far as to say Bitcoin reminded him of gold in the 1970s
FalconX: Join Tesla and Square with corporate Bitcoin allocations. How leveraging a riskless principal increases efficiency and lowers costs...
How institutions should get into crypto.