Bitcoin Trading Volumes Reportedly Fake
More than half of all Bitcoin daily trading volumes are reportedly fake, says a Forbes analysis of 157 crypto exchanges and trading platforms. It estimates the global daily Bitcoin volume for the industry was $128 billion on June 14, less than half the $262 billion self-reported from multiple sources. Bitcoin represents 40 per cent of the $1 trillion global crypto market. However, there is no genuine method of calculating bitcoin daily volume, “even among the industry’s most reputable research firms,” it says.