Friday, 02 March 2018 10:44

Bitcoin’s Plunge Raises Questions Over Popularity

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(New York)

So everyone knows that Bitcoin suffered a huge plunge earlier this year. The fall amounted to around 60% at its peak before stabilizing recently. However, what many are not aware of is how much total trading volume fell during the volatility. While stock market losses are often associated with increasing trading, that did not happen with bitcoin. Volume is stuck at about half its peak from December, and touched its lowest level in two years in February. This has many wondering if the currency is waning in popularity.

FINSUM: This piece was interesting to us because it contrasts with what you hear about the explosion in popularity of cryptos.

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