Bitcoinâs meteoric 2019 rally may have shown signs of cooling Wednesday, but that didnât stop the cryptocurrency from ending the day in the green.
In fact, the price of bitcoin ended yesterdayâs session with its eighth consecutive day in the green, closing up by more than $1,200 on the dayâs open of $11,375 and ending just below $13,000.
The streak is a record for 2019, passing the six Green candles seen between June 12 to June 17 as the only other significant run of multi-day gains.
Still, thatâs not to say that streak isnât in jeopardy heading into Thursdayâs session.
At 20:00 UTC on June 26, the worldâs largest cryptocurrency by market capitalization, dropped by more than $2,000 in just under 30 minutes amid a service outage at major U.S. exchange provider Coinbase.
However, with Coinbaseâs fix implemented, bitcoinâs (BTC) price is also back up above $12,588 at press time, after dropping to a temporary low of $11,754.
BTC is currently changing hands for $12,827, as per CoinMarketCap data.
As can be seen above, the sharp sell-off from the 24-hour high at $13,785 brought prices to a local low of $11,710 before opportunistic traders picked up a cheaper bid and drove the prices higher, back toward $13,000 at around 23:31 UTC, 29 minutes before the daily close.
Total daily volume for BTC has also shown up in a big way with the worldâs largest exchange, Binance, posting record-high trading volume in Tether (USDT) terms over a 24-hour period. Other exchanges such as Bitstamp and Coinbase are posting 500-day highs in total daily volume for June 26, with over 81.2 million BTC traded in a single day on those exchanges.
Whatâs more impressive, if data from CoinMarketCap is to be believed, over 45.9 billion BTC were traded during June 26âs trading period amounting to some of the highest levels ever recorded.
Its âReal 10â volume â a metric that takes into account trading volume from exchanges reporting honest volume figures as identified in a report by Bitwise Asset Management â currently stands at $46.17 billion, a small difference, according to Messari.io.
Meanwhile, other notable currencies such as Cardano (ADA), bitcoin cash (BCH) and Ether (ETH) are also back on the rise, up between 1.7 and 7.72 percent, respectively amid strong volume.
Also worth noting, the total market capitalization for the entire cryptocurrency market has recovered by more than $21.7 billion, up from $351.8 billion to stand at $373.5 billion.
Disclosure:Â The author holds no cryptocurrency at the time of writing.
Bitcoin Image via Shutterstock; Charts via TradingView
