Cryptocurrencies
Bitcoin's Plunge in Volume Stirs Questions About Its Usage
- Confirmation delays also collapsed, Blockchain.info data show
- ‘We just may be entering a bear market’: Newscape’s Morris
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Earlier this year, when Bitcoin’s price fell by more than 60 percent 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 percent comeback since Feb. 5. That’s left some investors wondering whether the cryptocurrency is waning in popularity.