The volume of cryptocurrency transactions in Europe increased despite the fall in price
Bitcoin remains the most popular and most bought cryptocurrency
This data may indicate an impending trend reversal
International consortium of news organizations developing transparency standards.
Despite the drawdown of Bitcoin and other digital assets, the volume of cryptocurrency transactions in Europe in seven days increased by more than 230%. Once in quarantine, Europeans were actively buying bitcoin, ether and cardano.
Europe is addicted to bitcoin
According to statistics from the Spanish company 2gether, in just one week of March, the volume of transactions with digital assets in Europe increased by 236%. Moreover, 75% of all transactions during this period were associated with the purchase of cryptocurrency, and only 25% were focused on selling.
#Crypto purchases went up by 236% during the # COVID19 crisis on crypto trading app 2gether.
Learn more here:
: https://t.co/9QlUzlLBBA#stronger2gether # better2gether pic.twitter.com/dwkxtFYCCB
– 2gether (@ 2gether_global) March 20, 2020
The most popular currency turned out to be bitcoin (BTC). It accounted for 63% of all transactions. In second place is Ethereum (ETH) – 27%; and Cardano (ADA) – 3%. Basic Attention Token, Bitcoin Cash and Litecoin each accounted for 1% of all transactions, the rest of the coins accounted for less than 1%.
2gether is a financial platform that offers users VISA cards linked to their cryptocurrency account and the ability to spend their digital money anytime, anywhere, as well as withdrawing euros from a euro card without commissions and service charges.
The company claims that their mission is to create a bank of the future, where clients will have complete control over their assets and the services they use. To this end, 2gether is not limited to traditional fiat currencies such as the euro and the dollar, but is actively integrating digital coins into its ecosystem..
Feast in Time of Plague
WATCH THIS BEFORE YOU BUY BITCOIN, ETHEREUM OR CARDANO!
Most European countries were cut off from the outside world, the streets of Paris, Madrid, Rome and other cities of the Old World were empty, and citizens hardly leave their homes due to the rampant coronavirus, which has already killed more than 14 thousand people around the world. The Fed, ECB, Bank of England and other regulators are competing on the scale of stimulus measures, but financial markets stuck deep in the red zone are still painful to look at.
In this situation, the increased interest of Europeans in buying cryptocurrency may be a harbinger of a trend reversal. Judging by the charts presented by 2gether, the rapid growth in trading volume occurred in three days – from March 11 to 13, while on the same days the first cryptocurrency lost 50% of its value, updating multi-month lows.
I AM BUYING BITCOIN, ETHEREUM, CARDANO AT THESE LEVELS! [ My Next 100% Profitable Trade…]
Many bitcoin enthusiasts continue to insist that bitcoin will not only survive this crisis, but will also be able to strengthen its position in the global financial system. According to Dovi Wan, founder of cryptocurrency company Primitive Crypto and a notorious personality on crypto Twitter, the world’s central banks are bringing their own hands closer to the end of the existing financial system. On its ruins, like a phoenix, bitcoin, which was created to withstand such situations, will rise from the ashes..
the Japanization of all central bankers accelerates aging of the current fiat banking system, and the eventual death of it gonna be the phoenix moment of Bitcoin
This is what Bitcoin is born for
– Dovey 以德服人 Wan (@DoveyWan) March 23, 2020
The same opinion is shared by the head of Galaxy Digital Michael Novogratz, who believes that 2020 will be the year of bitcoin..
TIME TO BUY BITCOIN, ETHEREUM, LINK & CARDANO NOW? WATCH THIS FIRST!
All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..
CONTENTS Bitcoin will set a new price record in 2021 – experts are sure By the end of the year, the price of MTC may fall to $ 12,000 In the coming year, large …
CONTENT Renaissance Technologies’ Medallion Foundation Starts Trading Bitcoin Futures. The size of the assets under the management of the company is about…
CONTENTS With a further fall in the US dollar index, the price of bitcoin will keep growing Global hedge funds are looking for salvation against the backdrop of a global flood in the form of …
CONTENTS Market participants are preparing for the presidential elections in the United States Many see the prospects for bitcoin’s growth Investors believe that BTC will win …
CONTENT Bitcoin Attacked $ 14,000 Again. A possible reason for this growth was a Bitcoin whale transaction worth almost $ 1 billion .. Stock markets were…