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Bitcoin Rising: BTC Pound Volume Skyrockets To All-Time High Amid Currency Turmoil

by Repost Admin October 5, 2022, 8:47 am 1.6k Views

Bitcoin is showing signs of recovery, recording a 5.3% price pump for the past week to trade at $20,129, according to tracking from CoinGecko as of this writing.

Here’s a quick look of what has transpired in the past few days:

British Pound fell to an all-time low value of $1.03 against USD on September 26, 2022
BTC/GBP trading volume in Bitfinex and Bitstamp grew by 47,000 BTC
Bitcoin is showing it can benefit from fragility of fiat currencies

The maiden cryptocurrency is not only performing well in terms of its price, but also with its trading volume.

In fact, as the British pound hit a new all-time low value against the U.S. dollar last September 26 at $1.03, BTC/GBP trading pairs across various exchanges became very active, climbing by more than 47,000 BTC.

Bitfinex and Bitstamp, two crypto exchanges where the pair is