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Bitcoin’s $14 billion dip – Will it threaten BTC’s price rally?

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According to recent data, Bitcoin's seven-day trading volume has decreased to below $14 billion, reverting to the levels recorded in 2023.

New data indicates that the 7-day trading volume dipped below $14 billion, similar to 2023 when BTC was valued at under $30,000.approaches its all-time high, the anticipation and FUD around the king coin has also soared. Despite the optimism and interest in Bitcoin soaring, the trading volume around BTC has declined.Data revealed that the seven-day trading volume dropped below $14 billion, reaching the same level as in 2023 when Bitcoin was trading below $30,000.

Due to the surge in profitability, more holders could be tempted to sell and drive the price of BTC down.

 

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