Fall in bitcoin transactions raises questions about its popularity
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
London
EARLIER this year, when bitcoin's price fell by more than 60 per cent from its record close, a less noticed bitcoin figure also plunged: the number of daily transactions.
There are many explanations for the fall-off in trading, from software- to news-related. What's less understood is why the level hasn't recovered as bitcoin's price made a 50 per cent comeback since Feb 5. That has left some investors wondering whether the cryptocurrency is waning in popularity.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
