Crypto News

The volume of bitcoin transactions on exchanges are growing in anticipation of halving

User activity kryptomere holding bitcoins is on the rise again after falling in March.

Shock event for cryptosphere, recall, was the collapse of the cryptocurrency market 12 Mar, known in history as “Black Thursday”.

This day was observed the peak activity of users of trading platforms, aggressively Hawking their bitcoins. The result of BTC fell from $7969 to $3858. But in the second half of March, the situation began to improve. This is evidenced by Bitcoinity.

Analysts found that the activity of users of the cryptocurrency platforms restored. Now average turnover of the exchanges Coinbase, Binance and the other is about $5.6 billion in BTC.

In the period of acute volatility in early March, this figure reached $9.2 billion For comparison – in January-February the volume of bitcoin transactions was, on average, $3,96 billion on the platform.

Following the March fall of the bitcoin price also recovered.

Today is the first cryptocurrency was trading above $8000. It is expected the continuation of upward dynamic movement after the may halving (reducing rewards for miners).

Volatility could escalate at any of the days preceding halving, analysts say Messari. The demand for BTC will increase and create the conditions for the rise in price of bitcoin is at least $10 000.

Source:

coinspot.io

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