Retail Bought $3.7K Bitcoin Price Dip on Record $76B Volume: Report

Source: Coin360 The March 13 market crash that brought the Bitcoin price from $8,000 to a low of $3,800 in 24 hours registered the biggest day for crypto in terms of trading volumes registered at Bitcoin spot markets. Source: CryptoCompare Bitcoin selloff propelled by a dash for cash Not only did Bitcoin see its biggest spike in spot trading volumes during the crash to $3,750, but fiat volumes also increased substantially as traders sought liquidity amidst the Coronavirus panic.

Source: CryptoCompare Retail demand spikes after Bitcoin selloff As shown by the total historical BTC spot volume chart, Bitcoin spot volumes reached an all-time high on March 13 and they have remained noticeably elevated throughout March as the price continued to recover. Source: Google Search Trends CME Bitcoin data shows institutions pulled out  In the Bitcoin derivatives market, volumes hit an all-time high triggered by the price volatility experienced during the March 13 Bitcoin price drop, with a reported $600 billion in monthly volume.

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