Bitcoin Price Prediction as BTC Trading Volume Surges to $40 Billion – Here's Where BTC is Headed Next
The bitcoin market is currently experiencing a surge in trading volume, reaching $40 billion in the past 24 hours. This is a significant increase from the previous record of $34 billion set in May of this year.
With this increased activity, it is important to consider the future of Bitcoin prices and where they may be headed next.
In this article, we will discuss the current state of the market and explore some potential scenarios for where Bitcoin prices may go next based on its current trading volume.
Blockchain.com, one of the leading crypto companies, has recently announced that it will be cutting its staff due to the current struggles in the cryptocurrency market. The company has been facing a difficult time with its operations as many investors have been pulling out of the market and prices have dropped significantly.
Blockchain.com, a digital currency company, has announced the layoff of around 150 employees which accounts for 25% of its staff. The current bear market in digital currencies, which started in 2022, has taken its toll on many companies. It doesn't appear this trend will end soon and the company is just one of the victims.
Within recent weeks, Blockchain.com has joined a list of other cryptocurrency-centric companies that had to resort to laying off staff due to the financial effects of the pandemic. Recently, Coinbase, one of the most well-known digital currency exchanges, announced cutting down its workforce by about 1,000 people to reduce its operational expenditure by 25% in the coming months.
The news comes as a surprise to many in the industry as Blockchain.com had previously been seen as a leader in the space, providing a secure platform for users to store and trade their digital assets.
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