Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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

It flashes again in July

July 6, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Tethers in September, completing USDT support for Omni, Bitcoin Cash SLP, KUSAMA, EOS and Algorand

July 12, 2025

21.72% of encryption in the second quarter of 2025

July 11, 2025

Arthur Hayes will continue to predict the super -large Altcoin season.

July 11, 2025

Watt protocol audit summary -ACKEE blockchain

July 11, 2025

MultiBank Group Confirms $MBG Token TGE Set For July 22, 2025

July 11, 2025

BTC, LTC, XRP and other crypto hobby holders can earn $5282 per day – SWL Miner

July 11, 2025

What It Means For Crypto Investors

July 11, 2025

PUMP.FUN tokens are traded at 40% premium at ICO prices.

July 11, 2025

Mine Bitcoin And Dogecoin For Free With DL Mining! UK Compliance Platform Officially Opened

July 11, 2025

PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture With Decentralized Finance Ecosystem

July 10, 2025

$MBG Token Pre-Sale Set For July 15 — Only 7 Million Tokens Available At $0.35

July 10, 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

Tethers in September, completing USDT support for Omni, Bitcoin Cash SLP, KUSAMA, EOS and Algorand

July 12, 2025

21.72% of encryption in the second quarter of 2025

July 11, 2025

Arthur Hayes will continue to predict the super -large Altcoin season.

July 11, 2025
Most Popular

Bitcoin Halving, BTC ETF Hype Will Drive Price Rise by 2024 — NBX Berlin

December 7, 2023

A Complete Guide to Add USDT to MetaMask Wallet?

April 29, 2024

Binance Launches USDC Flexible Product with 8% APR Rewards

May 13, 2024
  • 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.