Rally Fatigue? Low Bitcoin Volumes Could Cap Upside

Bitcoin prices are at their highest ever, but there may be a chink in the cryptocurrency’s armor.

Just a week ago, the bitcoin-U.S. dollar (BTC/USD) exchange rate hit lows near $5,500. Then, by Friday, prices were flirting with fresh record highs around the $8,000 mark.

With bid tone remaining intact over the weekend, bitcoin rose to an all-time high of $8,101.91 around 20:00 UTC yesterday, as per CoinDesk’s Bitcoin Price Index.

However, while the $2,500 rally is impressive, data from CoinMarketCap indicates the move higher from $7,853 (Nov. 17 open price) lacks substance, as trading volumes have steadily declined over the last three days…

Read Full: Rally Fatigue? Low Bitcoin Volumes Could Cap Upside – CoinDesk