According to analyst firm Diar , in April sales Bitcoin in US dollars showed a maximum of 10 months.
As noted by Diar, the increase in sales over the past three months followed the recent jumps in Bitcoin prices. According to the company, the growth of volumes does not mean the spread of the use of cryptocurrency , but most likely is associated with speculative trading.
According to the trade volume reached in April – more than $ 130 billion – Bitcoin approached the June 2018 indicator, but then the price of cryptocurrency was $ 7,000 – 35% higher than today, the company recalled.
Nevertheless, if we consider the trade volumes of BTC by quarters, they have been constantly decreasing since the 6th quarter of 2017. And even in the first quarter of 2019, despite the price increase, the sales volume decreased by 35% compared to the last quarter of 2018.
Earlier, Diar noted that the share of institutional Bitcoin trade has been growing for the fourth month in a row.
Publication date 05/02/2019
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