Automated Trading Drives Bitcoin Demand, and Its Price
Automated Bitcoin trading software is being increasingly used by traders to conduct high-speed trades, to maximize returns. The cryptocurrency trade volumes have been unusually high in the past few months. The increased demand for the popular digital currency has been attributed to the growing community, where users are utilising Bitcoin to safeguard their earnings amid the economic slowdown. But, a leading financial publication has a different take on the entire situation. According to Bloomberg’s recent report, a majority of increased demand is coming from extensive automation of trading....
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