{"id":43083,"date":"2019-05-23T06:24:08","date_gmt":"2019-05-23T04:24:08","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=43083"},"modified":"2019-05-23T06:24:11","modified_gmt":"2019-05-23T04:24:11","slug":"binance-ceo-reveals-crypto-trading-ath","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/binance-ceo-reveals-crypto-trading-ath\/","title":{"rendered":"Binance Records ATH in Trading Volume. Stats are &#8220;Much Higher&#8221; Than The Peaks of 2017"},"content":{"rendered":"\n<p>The crypto market is registering records of popularity, indicating that <a rel=\"noreferrer noopener\" aria-label=\"the bearish season seems to be over (opens in a new tab)\" href=\"https:\/\/ethereumworldnews.com\/technical-indicator-signals-that-the-bitcoin-bear-market-may-be-over-but-what-comes-next\/\" target=\"_blank\">the bearish season seems to be over<\/a>. After Ethereum experienced a <a rel=\"noreferrer noopener\" aria-label=\"historic increase in its transactions (opens in a new tab)\" href=\"https:\/\/ethereumworldnews.com\/ethereum-is-back-in-the-game-daily-transactions-reach-yearly-highs-smart-contracts-and-dapps-gain-popularity\/\" target=\"_blank\">historic increase in its transactions<\/a>, Binance seems to prove that the hype in the markets is even stronger than what many of us have\u00a0imagined.<\/p>\n\n\n\n<p>A recent tweet published by CZ, Binance CEO, showed his\nastonishment upon a boost in trading volume so dramatic that his Exchange\n(currently&nbsp;the most important in the ecosystem) struggled to withstand the\nheavy workload exerted by users.<\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Heavy load affecting some users.  Fixing.<\/p>&mdash; CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1131221895087513600?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">May 22, 2019<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The failures of the Exchange annoyed some traders, who\nreported substantial losses given the difficulties to establish positions and\ncorrectly manage the order books.<\/p>\n\n\n\n<p>Interestingly, although BTC is still halfway through its\n2017 price peak, CZ explains that this seems to be a historical landmark. The\nnumber of orders is currently&nbsp;much higher than the crest of 2 years ago.<\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/twitter.com\/cz_binance\/status\/1131225305710940165\n<\/div><\/figure>\n\n\n\n<p>After a few hours the Binance team solved the situation and\nalthough the volume of orders exceeded expectations, at no time was the\nplatform shut down or put the funds of users at risk.<\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">We are seeing much higher order volumes (number of orders) than Dec 2017\/Jan 2018 (the peak).<br><br>Trade (not order) volume in USD is 1\/3 of the peak, but BTC price is 1\/3 and ETH price is only 1\/5 of the last peak, most other main alt prices are even lower. <a href=\"https:\/\/t.co\/e9M20gqnm0\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/e9M20gqnm0<\/a><\/p>&mdash; CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1131260191242981376?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">May 22, 2019<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Binance Had Issues, Bitcoin is Down&#8230; But The Panorama is Still Bullish<\/h3>\n\n\n\n<p>It is difficult to establish an absolute correlation between the Binance issue and the price of Bitcoin, however being the main crypto Exchange in the market, it is probable that this failure has increased the number of short positions, causing a fall of Bitcoin to prices near 7650 USD.<\/p>\n\n\n\n<p>Although the correction in the Bitcoin price dragged other\ncryptocurrencies with it, the trend still seems to be bullish and the\nindicators favorable. It is possible that once natural trading resumes, the\nmarket will return to normal again.<\/p>\n\n\n\n<p>This anomaly can be seen by comparing the <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/technicals\/\" target=\"_blank\" rel=\"nofollow noreferrer noopener\" aria-label=\"signals  (opens in a new tab)\">signals <\/a>on charts with candles set at 4 hours and those with candles set at 1 day. Those who trade in the short term have a significant amount of bearish signals, whereas for those who trade with candles of 1+ day, will have a more favorable outlook.<\/p>\n\n\n\n<p>Currently Bitcoin (BTC) registers a normalization of its RSI, which has dropped to normal zones after presenting overly high values, however, a cross in the MACD as a result of this bearish behavior could reach the token to test a support close to 7350 USD in the short term, although the pattern remains bullish.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/05\/BTC-1d.png\"><img decoding=\"async\" width=\"1024\" height=\"543\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/05\/BTC-1d-1024x543.png\" alt=\"\" class=\"wp-image-43087\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/05\/BTC-1d-1024x543.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/05\/BTC-1d-300x159.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/05\/BTC-1d.png 1073w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p>On the other hand, the short-term candles outlook shows that after dropping from 8000 USD to close to 7000 USD, Bitcoin managed to recover and then correct close to 7616 USD. However, the Relative Strength Index (RSI) shows an optimistic outlook awaiting confirmation.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/05\/BTC-4h.png\"><img decoding=\"async\" width=\"1024\" height=\"543\" src=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/05\/BTC-4h-1024x543.png\" alt=\"\" class=\"wp-image-43088\" title=\"\" srcset=\"https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/05\/BTC-4h-1024x543.png 1024w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/05\/BTC-4h-300x159.png 300w, https:\/\/ethereumworldnews.com\/wp-content\/uploads\/2019\/05\/BTC-4h.png 1073w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The crypto market is registering records of popularity, indicating that the bearish season seems to be over. After Ethereum experienced a historic increase in its transactions, Binance seems to prove that the hype in the markets is even stronger than what many of us have\u00a0imagined. A recent tweet published by CZ, Binance CEO, showed his astonishment upon a boost in trading volume so dramatic that his Exchange (currently&nbsp;the most important in the ecosystem) struggled to withstand the heavy workload exerted [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":7549,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,2],"tags":[407,1119,1233,4718,350,474],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/43083"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=43083"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/43083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/7549"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=43083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=43083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=43083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}