Tuesday 30 October 2018
While the price of Bitcoin is approaching a one-year low, trading volumes across cryptocurrency markets have already reached that point. Blockchain research unit Diar has just dropped new data on the major cryptocurrencies. All top markets have slowed dramatically over the year. Bitcoin trading volume is down 79 percent from the highs of January this year. Diar notes the low volumes are despite a sharp increase in activity from major banks and investment firms, like ICE-led Bakkt, or the famous Fidelity. The data implies both Wall Street experiments are yet to inspire any new interest in cryptocurrencies. Ethereum, too, has hit a…
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