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
‍
Every week, FalconX shares market insights with our digital asset brokerage clients. Later on, we share snippets of these with the public. Here are some of our thoughts on Grin ($GRIN). If you'd like to become a client, request access here...
Authors: Hitesh Bhatia, Tarun Hariharan As per recent estimates, the current value of all real-world assets is ~$256T globally (theblockbox). However, the processes to trade these assets are ...
A recent BitMEX-Token Analyst report on token treasuries exuberantly declares that initial coin offering (ICO) teams “essentially made out like bandits…ICOs have clearly been a phenomenal success,...
How institutions should get into crypto.