Bitcoin Transaction Volume Plunges To 3-Year Low, Bearish Sign?
On-chain data shows the Bitcoin transaction volume has plunged to a 3-year low, a sign that may not be positive for the cryptocurrency. Bitcoin Transaction Volume Has Continued To Be Low Recently According to data from the on-chain analytics firm Santiment, the BTC transaction volume has seen a decline of 90% since the peak in […]
Related News
The Bitcoin Transaction Volume is Dropping. Bitcoin transaction volume is dropping. Yesterday the transaction volume dropped to the lowest since 2011. Only 69,152 BTC were traded. What does it mean? Looking at the data, taken from Blockchain, we can see a clear decline in Bitcoin volume since November/December of 2013, when the Bitcoin volume was at 345,628 BTC with a peak in the middle of March with 441,337 BTC. Looking at the same volume chart, but this time showing volume in USD, the transaction volume yesterday was at just over $30 Million. We must be aware of the drop in Bitcoin price....
On-chain data shows the Litecoin transaction volume has more than doubled in the last year, a sign that could be positive for the network. Litecoin Transaction Volume Has Shown Steady Growth Recently In a new post on X, Jay Milla, director at Litecoin Foundation, has discussed about the growth in on-chain activity that LTC has […]
Cryptocurrency trading volumes in India have plunged further across exchanges as traders mull over the 30% crypto taxation. In addition, popular payment service provider Mobikwik has stopped service to exchanges.
Crypto Trading Volume in India Plunges Further
Cryptocurrency trading volume in India continues to slide after the government began taxing crypto income at 30% without allowing any loss offsets or deductions.
According to crypto research firm Crebaco, cryptocurrency trading volumes have fallen from last week across all major exchanges, Moneycontrol....
It is remarkable to see how far Bitcoin has come along compared to eight years ago. People seem to collect all kinds of statistics related to the Bitcoin protocol. Interestingly enough, one of the currency’s largest milestones was overlooked by just about everyone. On September 2nd, 2016, the Bitcoin blockchain surpassed the S$100bn mark in Bitcoin volume transferred since its inception. Quite an achievement for this “niche market,” and hopefully, a sign of better things to come. Statistics like these always have to be taken with a slight grain of salt, though. Granted, the Bitcoin....
The Bitcoin Trading Volume has plunged down to the lowest level since 2020, as per an Arcane Research report. BTC Trading Volume Plunges To Lowest Since December 2020 According to an Arcane Research report, the Bitcoin trading volume has seen a new daily low this weekend. The indicator had already plunged a week ago, but […]