Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Bitcoin Velocity Reaches Historically Low Levels as Standard Chartered Updates Laser Eye Forecast
ADOPTION NEWS

Bitcoin Velocity Reaches Historically Low Levels as Standard Chartered Updates Laser Eye Forecast

By Crypto FlexsNovember 28, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin Velocity Reaches Historically Low Levels as Standard Chartered Updates Laser Eye Forecast
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin BTC

+
The speed, which measures how often digital assets are traded or used for trading, is at historically low levels, according to analysts.

Bitfinex analysts observed a contrast between the current Bitcoin speed and the averages recorded during the last cryptocurrency bear market in 2018-2019.

“Historically low Bitcoin trading volume signals a significant shift in sentiment compared to the last bear market cycle,” analysts said in a note.

According to Bitfinex, the low velocity levels suggest holders of digital assets have been reluctant to sell and buyers are looking for new supply.

“It is no surprise that Bitcoin reached this year’s high of $38,410 on November 24 as holders are reluctant to sell and buyers seek supply,” the analysts added.

According to StanChart, Bitcoin has reached $100,000.

Standard Chartered Bank said on Tuesday that its April forecast that Bitcoin would reach $100,000 by the end of 2024 still stands.

According to Geoff Kendrick, head of FX research at Standard Chartered Bank, a key catalyst for the price’s upward trajectory will be the approval of several US-based spot Bitcoin ETFs.

Kendrick and his team anticipate that these approvals will “come sooner than expected.”

“We believe multiple spot ETFs will be approved for both BTC and ETH in the first quarter of 2024, paving the way for institutional investment,” they said.

“In short, everything is working as expected,” they continued. “BTC’s dominance remains intact, with its share of total digital asset market capitalization increasing from 45% in April to 50%.”

The world’s largest cryptocurrency by market capitalization rose 3.2% over the past 24 hours to $38,141 at 2:40 PM ET, according to CoinGecko.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025
Add A Comment

Comments are closed.

Recent Posts

MEXC Celebrates ZEROBASE (ZBT) Listing With Airdrop+ Event Featuring 55,000 USDT Prize Pool

October 16, 2025

How MasterQuant’s AI Trading Bot Is Becoming Every Investor’s Favorite Trade Machine

October 16, 2025

Seascape Launches First Tokenized BNB Treasury Strategy On Binance Smart Chain

October 16, 2025

ETH And BTC Holders Are Flocking To OAK Mining For Stable Profits Of $8,600 Daily

October 16, 2025

Will Solana price fall to $170 once it gets close to the important support level?

October 16, 2025

Crypto Market Rebound, L2 Surge and ZEC Shock: Daily Insights

October 16, 2025

ZBCN is tradable!

October 15, 2025

Analysts expect a breakout of $135 as ETF approval buzz grows.

October 15, 2025

Chinese woman pleads guilty ahead of trial in $7 billion British Bitcoin fraud case

October 15, 2025

XMoney Launches $XMN On Sui, Expands Listings Across Global Exchanges

October 15, 2025

ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE

October 15, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

MEXC Celebrates ZEROBASE (ZBT) Listing With Airdrop+ Event Featuring 55,000 USDT Prize Pool

October 16, 2025

How MasterQuant’s AI Trading Bot Is Becoming Every Investor’s Favorite Trade Machine

October 16, 2025

Seascape Launches First Tokenized BNB Treasury Strategy On Binance Smart Chain

October 16, 2025
Most Popular

The Daily: Worldcoin Aims for Facebook-Like Scale, EigenLayer, New Token Distribution Plans, Trump, Expanding Lead on Polymarket, and More

September 5, 2024

Senator Lummis advocates clear encryption regulations.

January 25, 2024

The altcoin market is on the move and a golden cross is imminent

November 24, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.