Friday, March 31, 2023
HomeBitcoinBitcoin Volume Spikes In United Kingdom - Bitcoin Magazine

Bitcoin Volume Spikes In United Kingdom – Bitcoin Magazine

The below is a direct excerpt of Marty’s Bent Issue #1269: “Interesting reaction out of the U.K.” Sign up for the newsletter here.

Here’s a chart that has been lingering in my mind throughout the week. It was shared by the team from Coinshares and highlights bitcoin trading volume in the U.K. earlier this week while the British pound was in free fall. As you can see, volumes exploded to just under $900 million, reaching their highest level in more than two years. It’s hard to discern the intent of those who were trading bitcoin in size over in the U.K. It could have been people looking to take advantage of quickly developing arbitrage opportunities, people looking to sell bitcoin to get liquidity to service failing trades or people looking to purchase bitcoin as a hedge against rapid currency debasement.



  1. What i don’t realize is actually how you’re not actually a lot more smartly-liked than you might
    be right now. You are very intelligent. You already know thus significantly in the
    case of this subject, produced me individually imagine
    it from numerous various angles. Its like men and women don’t seem to be interested until it is
    one thing to do with Girl gaga! Your individual stuffs great.
    Always maintain it up!

  2. Hello, i read your blog occasionally and i own a
    similar one and i was just curious if you get a lot
    of spam comments? If so how do you stop it, any plugin or anything you can suggest?
    I get so much lately it’s driving me insane so any support is very much appreciated.


Please enter your comment!
Please enter your name here

Most Popular

Recent Comments