OT: BTC volume

[NTDawg]

Any of you that understand crypto markets notice how low the volume of trades of BTC? Reason for concern or not?

 

[greenbean.sixpack]

Any of you that understand crypto markets notice how low the volume of trades of BTC? Reason for concern or not?

Sorry no help here, I have fundamental understand of BTC, but don't understand the mining part? My understanding is that BTC is the only crypto that has a chance of becoming a widely accepted currency?

 

[NTDawg]

On Coinbase it normally has a volume of sales at a minimum of 10k over past 24 hours but might get up above 20k-25k at times but this weekend it has been around 5.3k. I haven’t noticed it being that low.

 

[Uncle Ruckus]

Weekends are typically slower than Mon-Fri for cryptos

 

[PooPopsBaldHead]

Volume has been declining all year. It's hard to say what the implications are about though. The last couple weeks could be a consolidation phase for a higher leg up, but it could also be a double top. The weakening volume is consistent with both. When you see a big spike in volume, see what direction the price action is heading, that will be your answer.