Bitcoin sits above $6,400, waiting for new triggers. Cryptocurrency exchanges registered lower trading volumes in October. Bitcoin stays marginally above $6,400, after a strong rally on Sunday. The digital coin No. 1 returned to the previous rangeб but the upside seems to be limited due to decreased trading activity Trading volumes decreased The aggregate trading volumes on leading cryptocurrency exchanges decreased sharply in October as compared with September figures. “We see a significant decrease in trading volume, comparing the 30-day data for September and October,” an independent ICO database provider ICO Drops reports. Thus, OKEx (Hong Kong) and Huobi (Singapore) registered a 47% decrease, while Poloniex (the USA) showed an even deeper drop of 56%. KuCoin and Bibox lost only 3% and became least affected. The world’s leading cryptocurrency exchange by average daily trading volumes also retreated from September position – down 32%. Bitcoin’s technical picture On the daily chart, BTC/USD is capped by DMA50 currently at $6,440, which is closely followed by Sunday’s high and the upper line of the recent channel at $6,460. The next strong hurdle lies with $6,570-$6,600 congestion zone that stopped the upside at the end of September. On the downside, the support is created by $6,200 with October 29 low located marginally above this level. Once it is broken, the sell-off may be extended towards the recent low $6,060 and to the critical $6,000, where a fresh buying interest is likely to appear. BTC/USD, the daily chart 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 Crypto News share Read Next Bitcoin trading volumes decreased in October amid non-existant volatility FX Street 4 years Bitcoin sits above $6,400, waiting for new triggers. Cryptocurrency exchanges registered lower trading volumes in October. Bitcoin stays marginally above $6,400, after a strong rally on Sunday. The digital coin No. 1 returned to the previous rangeб but the upside seems to be limited due to decreased trading activity Trading volumes decreased The aggregate trading volumes on leading cryptocurrency exchanges decreased sharply in October as compared with September figures. "We see a significant decrease in trading volume, comparing the 30-day data for September and October," an independent ICO database provider ICO Drops reports. Thus, OKEx (Hong Kong) and Huobi (Singapore)… 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.
