{"id":383929,"date":"2019-05-27T19:00:44","date_gmt":"2019-05-27T19:00:44","guid":{"rendered":"https:\/\/wncen.com\/?p=383929"},"modified":"2024-06-11T13:43:28","modified_gmt":"2024-06-11T13:43:28","slug":"binance-sees-all-time-traffic-high-amid-bitcoin-boom-a-sign-of-returning-interest","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/binance-sees-all-time-traffic-high-amid-bitcoin-boom-a-sign-of-returning-interest\/","title":{"rendered":"Binance Sees ‘All-Time Traffic High’ Amid Bitcoin Boom, A Sign Of Returning Interest?"},"content":{"rendered":"
The crypto market has experienced a zany past 24 hours. Bitcoin (BTC) popped up by 8%, as per CoinMarketCap, and most other digital assets<\/a> posted strong gains. With this recent move, “cryptocurrency” has graced mainstream media headlines and money has begun to flood back into this space.<\/p>\n What’s more, Binance, one of the largest digital asset exchanges, purportedly (according to chief executive Changpeng Zhao) saw a system traffic all-time high, “by far”. Considering that the cryptocurrency industry is barely out of a “crypto winter”, and the market is still 70% down from its all-time highs, this fact is jaw-dropping.<\/p>\n Data aggregated by CoinMarketCap shows that Binance has processed over $3.07 billion worth of cryptocurrency trades in the past 24 hours, while all “exchanges” processed $103 billion.<\/p>\n This suggests that retail interest is flooding back into the market, and bodes well for the ongoing rally, as strong volume is needed to drive this market.<\/p>\n Had some system performance bottlenecks, trading saw some delays, fixed now. Withdrawals also saw some delays, fixed as well, but there is a backlog will take another 15 minute to drain.<\/p>\n Seeing ATH in system traffic, by far!<\/p>\n — CZ \ud83d\udd36 BNB (@cz_binance) May 27, 2019<\/a><\/p><\/blockquote>\nRelated Reading: Analysts Foresee Bitcoin Surging to $10,000 Without a Pullback as it Hits $8,947<\/a><\/h6>\n
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