In just two days, during the sharp rise of the Bitcoin rate, the daily trading volume in the cryptocurrency market more than doubled, reaching the maximum turnover in the entire history of cryptocurrency.
If the daily trading volume was $ 33 billion on April 1, then today, April 3, it has grown to $ 89 billion (as of 06:00 Moscow time). The previous record was set on January 4, 2018 and amounted to $ 71 billion.
Yesterday and today the market grew at the Asian trading session. This may be due to the fact that the Hong Kong company Branding China Group has announced the launch of the secure insured storage service cryptocurrency, writes Cointelegraph. According to the firm’s chief technical officer, Hugh Madden, this is the first such solution for institutional investors available locally.
“The BC Group's custodial service removes one of the key barriers that have so far prevented professional traders and institutions from adding digital assets to their portfolios,” Madden explained.
All assets of investors will be in the cold wallets of the company. Insured cryptocurrency storage is a vital component for the development of the market, according to the BC Group.
Bitcoin rose sharply on the night of April 2. Now its price should consolidate above $ 5,000 to reach the next level of $ 6000, analyst Ayash Jindal is sure. According to eToro specialist Mati Grispen, the growth is due to technical factors.