Bitcoin velocity hits lows last seen before Q4 2020 BTC price breakout
Bitcoin investors sit on their hands at $26,000 — can a velocity rebound reproduce the kind of breakout seen three years ago? Go to Source
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Bitcoin investors sit on their hands at $26,000 — can a velocity rebound reproduce the kind of breakout seen three years ago? Go to Source
Cryptocurrencies are speculative instruments, their price predicated upon future prospects rather than current reality. As a consequence, many of them don’t qualify as outright currencies – at least not yet. While the likes of bitcoin, bitcoin cash, and ethereum can be freely spent on desktop and mobile, dozens more are barely usable outside of crypto … Read more
Charts can reveal a lot about crypto assets. Past performance and future indicators can be gleaned at a glance, but there’s also a lot more that can be ascertained. A study of several of the most popular blockchains, including bitcoin and ethereum, has shown transaction velocity to have reached its lowest in years. Cryptocurrency is … Read more