According to research conducted by Binance 2019 “Q3 Crypto-Correlations Review” confirmed that Bitcoin is still the volume leader and the most popular cryptocurrency. Despite falling over nearly 30% since late June and reaching a high of USD 13,868 the volume still held up. The report showed that more than 40 per cent of all of Bitcoin’s trading activity on Binance was against stablecoin pairs. Trades executed with Bitcoin amounted to 70% of all trade through the exchange. “The third quarter of 2019 exhibited adverse price movements, breaking the two consecutive quarterly price gains in Q1 and Q2. In Q3, Bitcoin price dropped by nearly 30%, closing on September 30th at around $8000. In comparison, BTC trading dominance fluctuated around 15-25% for the first half of 2019.” Below is the comparison table from the report. The report concluded by saying “Over the third quarter of 2019, the average correlation between Bitcoin and most other large cryptoassets remained in line with the previous quarter. However, the average correlation among large cryptoassets increased in Q3 2019 with a significant positive increase in the corrections of BNB, Chainlink and Bitcoin SV with other cryptoassets.”. Today Bitcoin price action is weak, since hitting the recent high in late June price action has been choppy, to say the least. Even recently BTC/USD broke out of its recent consolidation area only to move back in after the bulls could not catch anymore momentum. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Forex News Today: Daily Trading News share Read Next NY Fed’s GDP Nowcast stayed unchanged at 2% for Q3 FX Street 4 years According to research conducted by Binance 2019 "Q3 Crypto-Correlations Review" confirmed that Bitcoin is still the volume leader and the most popular cryptocurrency. Despite falling over nearly 30% since late June and reaching a high of USD 13,868 the volume still held up. The report showed that more than 40 per cent of all of Bitcoin's trading activity on Binance was against stablecoin pairs. Trades executed with Bitcoin amounted to 70% of all trade through the exchange. "The third quarter of 2019 exhibited adverse price movements, breaking the two consecutive quarterly price gains in Q1 and Q2. In Q3, Bitcoin… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
