Friday, 02 March 2018 10:44

Bitcoin’s Plunge Raises Questions Over Popularity

Written by
Rate this item
(0 votes)

(New York)

So everyone knows that Bitcoin suffered a huge plunge earlier this year. The fall amounted to around 60% at its peak before stabilizing recently. However, what many are not aware of is how much total trading volume fell during the volatility. While stock market losses are often associated with increasing trading, that did not happen with bitcoin. Volume is stuck at about half its peak from December, and touched its lowest level in two years in February. This has many wondering if the currency is waning in popularity.


FINSUM: This piece was interesting to us because it contrasts with what you hear about the explosion in popularity of cryptos.

Contact Us

Newsletter

Subscribe

Subscribe to our daily newsletter

Top
We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…