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Fall in bitcoin transactions raises questions about its popularity

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Published Sun, Mar 4, 2018 · 09:50 PM

    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.

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