Bitcoin Records 3x Higher Average Trading Volume in October Than Apple, Amazon, Microsoft

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Bitcoin Records 3x Higher Average Trading Volume in October Than Apple, Amazon, Microsoft

By Crypto Global News

After experiencing increased volatility in late September, Bitcoin (BTC) appears to be regaining its momentum towards another all-time high. The recent surge in the asset’s value reflects the trading volume that is significantly higher than selected traditional finance stocks.

Data compiled by cryptocurrency trading simulator CryptoParrot shows that between October 1 and October 11, Bitcoin recorded an average daily trading volume of $36.7 billion, dwarfing stocks from the traditional finance sector. During the period, electric vehicle manufacturer Tesla (TSLA)  had an average trading volume of $14.64 billion, at least two times less than Bitcoin.

Elsewhere, tech giant Apple (AAPL)  recorded an average trading volume of $10.98 billion which is at least three times less than Bitcoin. During the period, Amazon’s (AMZN) volume was four times less than Bitcoin at $9.09 billion.

Bitcoin’s volume surges amid price rebound

With Bitcoin recording a significant trading volume, it is worth noting that the cryptocurrency belongs to a different asset class than the stocks. However, this is an indicator that from an investment perspective, Bitcoin competes with the stocks. Compared to stocks like Apple, Bitcoin has almost half the market capitalization.

Notably, Bitcoin’s trading volume might be higher than the stocks since the asset is traded on a 24/7 basis without any restrictions. On the other hand, stocks like Apple and Amazon trade only five days a week, exclusive of holidays.

Bitcoin’s trading volume has surged in October, reflecting a rebound of buying and selling activity. Bitcoin’s price corrected significantly amid an increased regulatory crackdown from jurisdictions like China towards the end of September. Therefore, the trading activity potentially indicates that investors were encouraged after staying on the sidelines in September.

Overall, the cryptocurrency surged by at least 20% in October. Generally, a surge in Bitcoin has historically resulted in fear of missing out (or FOMO), influencing more people to attempt to make quick money. On the flip side, the investors who accumulated the asset during the market lows of September might be selling to cash in. Historically, cryptocurrency trading volume is known to have a spike in the course of extreme price swings, mainly due to speculative traders.

Why stocks are trailing Bitcoin in trading volume

Elsewhere, the traditional stocks, mainly from15 min went through the tech sector, have experienced an opposite October compared to Bitcoin.

The broader tech sector has been mounting in U.S. financial markets in recent weeks, characterized by volatility. Notably, the stocks had previously served as a haven for investors amid the coronavirus pandemic but plunged over the fear of removing stimulus packages. Furthermore, the trading volume trails Bitcoin due to low investor interest since the stocks are susceptible to rising interest rates.

At the same time, although the selected stocks remained resilient amid the coronavirus pandemic, their low trading volume compared to Bitcoin might indicate they are still experiencing the overall effects of the health crisis.

The stock market collapsed at the onset of the health crisis, but stocks from the technology sector gained as their products helped people navigate the crisis. Additionally, the stocks are still struggling despite the economy reopening following the coronavirus vaccine rollout.

*Note We Deliberately Miss Spell Some Words or Add Capital Letters To Get Around Big Tech Censoring.

Truthcoin’s Pre ICO

Truthcoin, the new popular digital currency behind, Truthbook.Social, extends its Pre ICO to May 31st, ahead of its 30th June listing on Crypto Exchanges Azbits and Coinbits.

Round 3 Extended to May 31st Midnight USA

$0.08 cents $500 USD minimum Donation to access

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Truthbook.social offering hundreds of thousands in giveaways for those joining its new social media platform as many desert Facebook in droves because of censoring

Here is some of the current incentives being offered to new users

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

For ANR Smaller Donors please donate below to help fund our critical not for profit work. Together we can defeat mainstream media.

We are a not for profit Independent Media Company which survives off donations, even as little as $5 per month . Please donate now to help fund our work

Join www.truthbook.social our new social media platform backed by Independent Media. where you can speak the truth, and not be banned. Plus you'll receive $50 USD in www.truthcoin.social,the crypto currency backing the project, when you join, plus a lot more for sharing posts. www.truthbook.social

Leave a Reply

Your email address will not be published.

Play Video

McIntyre Report
Political Talk Show

We are a not for profit Independent Media Company which survives off donations, even as little as $5 per month . Please donate now to help fund our work

Raw Report

Ryan Jackson Saw show

in USD

in AUD

in GBP

in CAD

Jamie McIntyre

ANR on

Currency Exchange Rates in AUD

Live and updated every minute of the day

Current Price of Bitcoin 2.0
0.10 on Azbit

Nurses Speak Out

ANR Meme Report

with Nadine Roberts

Episode 002

21st Century Political System

Play Video

Editor's Pick

Get our free News Emails on latest articles, alerts and solutions for both legal templates and ways to help fight back against the Globalists vax Mandates , and health resources to boost your immune system and ways to Protect from deadly EMF 5G radiation and more.

FREE E-BOOKS AND REPORTS ALSO

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY