Binance chief executive Changpeng Zhao, took to Twitter a few hours ago, to announce that Binance, one of the largest cryptocurrency exchanges, saw an all-time-high in traffic.
As the world’s most popular cryptocurrency surges to a 12-month high, the Binance CEO, Changpeng ‘CZ’ Zhao, took to Twitter to announce that the exchange saw an all-time-high in traffic ‘by far’.
Had some system performance bottlenecks, trading saw some delays, fixed now. Withdrawals also saw some delays, fixed as well, but there is a backlog will take another 15 minute to drain.
Seeing ATH in system traffic, by far!
— CZ Binance (@cz_binance) May 27, 2019
Clearly BTC’s recent upward price movements haven’t gone unnoticed outside of the cryptoverse and ‘new’ money is beginning to flow back into the crypto space, as Binance records its ATH in traffic.
According to data by CoinMarketCap Binance has processed almost $2.9 billion worth of cryptocurrency trades in the last 24 hours, while all exchanges together processed more than $100 billion on the day.
As some of the Binance community members point out, the fact that Binance records its ATH in traffic today, is definitely a bullish sign for the entire crypto space.
Crypto trader Josh Rager suggested that Bitcoin will soon say hello to price targets well above the $9,000 price level.
BTC – Similar price structure happened after the $1000 pump in April
Price dumped several hundred before moving to $6k
Sharp pullbacks like today can lead to both longs liquidated and stops being swept before another push to new highs pic.twitter.com/1u2CTmyTaq
— Josh Rager 📈 (@Josh_Rager) May 27, 2019
And the crypto analyst, CryptoFibonacci, said that Bitcoin is massively bullish right now and that there is no need to fight it or try to predict a pullback.
BTC Daily Chart.
— CryptoFibonacci (@CryptoFib) May 27, 2019
To the moon!)