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Bitcoin Price Analysis – Exchanges and trading desks continue to grow

Bitcoin (BTC) has held a shrinking price range between US$8,800 and US$9,700 since April 23rd. The market cap now stands at US$164.36 billion, with US$3.32 billion traded in the past 24 hours.Crypto exchanges, regulation, and new trading platforms all …

Bitcoin (BTC) has held a shrinking price range between US$8,800 and US$9,700 since April 23rd. The market cap now stands at US$164.36 billion, with US$3.32 billion traded in the past 24 hours.Crypto exchanges, regulation, and new trading platforms all made headlines this week. In a recent blog post, Binance CEO Changpeng Zhao revealed that the exchange made $200 million in the last quarter. This comes on the heels of a $400 million acquisition of Poloniex by Goldman Sachs-backed Circle earlier this year.