Bitcoin’s aggregated 2% market depth, a measure of liquidity that combines buy and sell orders within a narrow 2% price range around the market price, has surged to a one-year high of $623.40 million as of Nov. 16. This represents a significant increase from $422 million on Nov.5 — a significant increase in liquidity over […]
US elections boosted Bitcoin’s liquidity to new highs US elections boosted Bitcoin’s liquidity to new highs
US election results seem to have significantly boosted Bitcoin's market depth, with liquidity peaking at $623 million.
3 min read
Updated: Nov. 18, 2024 at 4:08 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
