Crypto-currency trading site estimates volatility, returns in the first week of July

Crypto-currencies are trading at all-time highs in the past week.

Crypto-ticker trading site estimated Wednesday’s trading volume was $12.4 billion, up from $10.7 billion in the week before.

Analysts also reported that volume for the week was up 7.4% from a week ago.

While the market is in the early stages of a surge, there are signs that the cryptocurrency market may be heading toward a correction.

Last week, CryptoTraders’ average volume dropped to 594,000 in the last 24 hours, according to

That’s a loss of 1.8% from the week prior.

This week, the average volume is up to 578,000, up 3.5% from last week.

It’s hard to tell how much the market will tank from the last week, but one thing is clear:’s numbers may not be right, analysts said.

“We have seen significant volatility in the market for some time now, and it’s now showing up in our numbers as well,” said Peter Bock, chief executive officer of and a partner at KPMG.

“There’s no doubt that we’re witnessing a very serious correction.”

CryptoTrader’s analysis was based on data from, which analyzed the trading volume of cryptocurrencies in the weeks leading up to the start of July.

Cryptocurrencies that had a volume above 500,000 were classified as “mainstream,” which means they were trading at an average of $12,500 per coin.

The “sub-sub-mainstream” coins, like Bitcoin and Ethereum, were classified at $8,500 and $5,000 per coin, respectively.

These are the coins that investors and traders use to invest in the cryptocurrency industry.

Bock said this trend is not sustainable.

Over the past few weeks, the crypto-tokens market has become overvalued, so a correction is not in the cards, he said.

“The current price trajectory is unsustainable,” Bock said.

CryptoTicker’s volatility, which is measured in price-to-volume, is currently about 6%.

Bocks believes the cryptocurrency markets’ current price is too high, and that there’s a risk of another correction.

“I think we’re seeing a lot of bubbles popping in the space right now,” he said, adding that investors are being short-changed by cryptocurrency companies.

Market watchers say investors should be wary of speculative moves on crypto-curves, and instead focus on the fundamentals of crypto-trading, such as the number of coins in circulation, which are usually the biggest drivers of the price.

We want to hear from you.

Are you concerned about the price of cryptocurrency?

Are you bullish on cryptocurrencies?

Let us know in the comments section below.

Cryptocurrency analyst, Peter Bick, thinks that the markets are still overvalued.

“I think there is a lot more room for the price to fall in the next couple of weeks,” he told ABC News.

“But I do think that we are seeing a number of bubble popping bubbles popping.”

The chart below shows the average daily trading volume for cryptocurrencies for the past 24 hours.

Source: Crypto Trader via ABC News