www.varchev.com

Bitcoin loses popularity faster than ever

Transactions vs Bitcoin 7SMA price

Rating:

12345
Loading...

After the Bitcoin price collapsed by nearly 70% at the beginning of the year, that is left unnoticed by a large number of investors is the number of transactions that take place every day. If we need to specify, day-to-day transactions hit a record low of 150,000. By comparison, we can say that such figures were typical when the crypto traded around $500 in 2016.

Bitcoin transaction levels

According to some of the Crypto investors, after the boom in the price, that beat all the bubbles in history, we will now see a return to "normal values," after which the upward trend is likely to be preserved, but certainly not with that power we watched. If we look at the number of transactions and the 7-day average cost of Bitcoin, the correlation is positive, but not to the point where the value of the crypto-wave drops.

How will all this be? If volumes continue to decline, volatility will drop significantly, and will force a large portion of Crypto traders to stop trading, and this may lead to a significant drop in Crypto capital.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov


 Varchev Traders

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy