Cryptocurrency Q&A
What percentage of bitcoin trading volume is faked?
What percentage of bitcoin trading volume is faked?
FireflySoul
Wed Jul 03 2024
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6 answers
1295
As a keen observer of the cryptocurrency market, I'm curious to know the extent to which the reported trading volume of Bitcoin is potentially inflated. With the rise of wash trading and other forms of manipulation, it's becoming increasingly difficult to gauge the true liquidity and market sentiment. Could you elaborate on the estimated percentage of fake or inflated trading volume in Bitcoin? Understanding this crucial metric could help investors make more informed decisions and avoid potential pitfalls in this volatile yet exciting market.
6 answers
SumoStrength
Fri Jul 05 2024
A recent study conducted by Bitwise has revealed startling insights into the world of bitcoin trading.
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ZenMindfulness
Fri Jul 05 2024
According to the research, an astonishing 95% of spot bitcoin trading volume is allegedly falsified by unregulated exchanges.
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Federica
Fri Jul 05 2024
The analysis focused on the top 81 crypto exchanges, ranked by volume, on the industry-leading platform CoinMarketCap.com.
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Alessandra
Fri Jul 05 2024
The findings indicate that the reported average daily bitcoin volume of these exchanges aggregated to $6 billion.
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Andrea
Thu Jul 04 2024
This revelation casts a shadow of doubt on the authenticity and integrity of the current cryptocurrency trading landscape.
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