Bitcoin (BTC) has recorded its trading volume since early 2018, with the knowledge that more and more investors are entering the market.
Figures from the digital asset data chain analysis indicate that December 2020 has already triggered bitcoin’s second-largest trading volume.
With a total of $252. 37 billion, the remaining 24 hours in December can further boost the account as it competes with December 2017.
Other indicators, such as the duration of raw transactions in Bitcoin mempool and network transaction fees, also increase overall activity.
As Cointelegraph also noted, wallets with small and small balances also continue to grow at levels never before noticed.
Meanwhile, Google Trends has captured the degrees of search interest for “Bitcoin” in the world since February 2018.
The reason, which draws attention to major resources as well as experienced cryptocurrency traders, lies in the value increase that continues incessantly this week. At the time of publication, Bitcoin disputes $29,300 amid a refusal to consolidate below.
On December 30, the largest cryptocurrency surpassed Berkshire Hathaway’s market capitalization to $539 billion, the money giant whose CEO, Warren Buffett, Bitcoin to “square rat poison. “
However, despite its 290% yields since the beginning of the year, Bitcoin remains pale in the face of the functionality of the larger Ether altcoin (ETH). As demonstrated through knowledge about virtual assets, ETH/USD has sealed profits of nearly 500% since January. 1. Compared to March minimums, the functionality is even stronger.
In a series of tweets Wednesday, Bobby Ong, author of the penalty knowledge site Coingecko, gave his predictions for the cryptography market in 2021. Among the primary chips, Ether would see a return to higher transaction fees but exceed his existing record level. 2018.
“ETH will exceed its ATH by $1,500, basically thanks to DeFi. Gas rates will soar and highlight scalability issues,” he wrote.
For Bitcoin, Ong predicted a value trajectory of around $100,000, along with the launch of a highly anticipated publicly traded fund (ETF) and the first central bank to load Bitcoin into its balance sheet.