BitMEX Volume Hits $11 Billion As Bitcoin Nears $14,000: Is Retail Demand Coming Back? [Forbes]
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Source: Forbes
BitMEX Volume Hits $11 Billion As Bitcoin Nears $14,000: Is Retail Demand Coming Back? Arthur Hayes, chief executive officer of BitMEX, speaks during the Consensus: Invest event in New York, U.S., on Tuesday, Nov. 28, 2017. © 2017 Bloomberg Finance LP Within six months, since January 2019, the bitcoin price has increased from less than $4,000 to almost $14,000, rising by a staggering $10,000 or 271% year-to-date against the U.S. dollar. Investors like over-the-counter (OTC) crypto trader Yingfeng Shao and JPMorgan analysts have attributed the recent surge in the bitcoin price to the noticeably increasing institutional interest as seen in the numbers released by Digital Currency Group's Grayscale and the premiums on crypto-related investment vehicles such as the Bitcoin Investment Trust (GBTC). The bitcoin price has increased by more than four-fold year-to-date (source: Messari, Kaiko) With Google Trends indicating that the mainstream interest towards bitcoin remains relatively low whe
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