On-chain data shows the Bitcoin NVT golden cross has now entered into the “sell” zone, something that could be bearish for the price of...

IntroductionBitcoin-only exchanges are platforms where people can buy or sell bitcoin using fiat currencies or stablecoins.You can refer to our guide on “How To...

Ark Invest, the investment firm led by Cathie Wood, has purchased another 176,945 shares worth about $1.4 million in Grayscale’s Bitcoin Trust (GBTC) fund,...

Buy and sell Bitcoin the easy way Start your crypto portfolio today! ...

Buy and sell Bitcoin the easy way Start your crypto portfolio today! ...

Bitcoin is a beacon of hope in a world of uncertainty and despair. By having a monetary constant, people can focus on things that really matter.

The below is a direct excerpt of Marty's Bent Issue #1271: “Soaring rates, begging and bitcoin's relative strength.” Sign up for the newsletter here.Last...

This is an opinion editorial and transcript by Will Schoellkopf, host of the “It’s So Early!” Bitcoin podcast.Bitcoin Magazine contributor Stephen Chow transcribed a...

This is an opinion editorial by Vishvas Garg, a Ph.D. in pharmacoeconomics, epidemiology, pharmaceutical policy and outcomes research from the University of New Mexico.Compared...

<!-- --> Bitcoin mining has had an interesting journey over the past twelve years, going from home computer CPU mining from...

<!-- --> Bitcoin mining has had an interesting journey over the past twelve years, going from home computer CPU mining from...

Data shows the Bitcoin trading volume has further declined recently, suggesting that the latest rally may be losing steam. Bitcoin Spot Trading Volume Continues To Decline This Week According to the latest weekly report from Arcane Research,  the BTC spot volume has observed further decline in the past week. The “trading volume” is an indicator that measures the total amount of Bitcoin being involved in spot trades on any given day. When the value of this indicator goes up, it means more coins are now changing hands. This trend shows that the network is becoming more active. Usually, high volumes make up for an ideal environment for pushing any big price moves. This is because for sustaining such movements, you require a large amount of traders involved in the market. Which is precisely what high values of the metric represent. Related Reading | Data: Bitcoin Long-Term Holder Supply Has Stagnated Since October High On the other hand, declining volumes imply that the Bitcoin network is turning inactive. Such a trend may be a sign of general disinterest in the crypto among investors at the moment. Now, here is a chart that shows the trend in the BTC Trading Volume over the past year: The indicator's value seems to have been declining recently | Source: Arcane Research's The Weekly Update - Week 11, 2022 As you can see in the above graph, the Bitcoin daily volume has been on the decline for a while now. Over the past seven days, this downtrend looks to have continued. The 7-day average spot volume is currently around just $4 billion. In the last week, the metric’s value has surged to $7 billion on only a single day. Related Reading | Bitcoin Bullish Signal: Exchange Reserve Loses Another 50k BTC Over Past Week Price activity usually revives the indicator as it attracts more traders. However, market activity has been rather declining recently, despite the value of Bitcoin observing some sharp upliftment over the past couple of days. A lack of traders means that it’s unlikely this rally would be able to march any further. Just like much of the recent trend, the coin’s price may start consolidating now instead of catching any real movement. BTC Price At the time of writing, Bitcoin’s price floats around $42.2k, up 5% in the last seven days. Over the past month, the crypto has accumulated 10% in gains. The below chart shows the trend in the price of the coin over the last five days. Looks like the price of BTC broke past the $43k mark yesterday | Source: BTCUSD on TradingView As the chart shows, it seems like the Bitcoin rally has already started losing steam, just like the trading volume had indicated. Featured image from Unsplash.com, charts from TradingView.com, Arcane Research