This weekend, the Bitcoin price has reached record value this year – $ 9335.87 (according to CoinMarketCap). Subsequently, there was a slight price correction and currently BTC is traded around $ 9,200.
Volatility increased over the past three months
Over the past three months, Bitcoin’s trading volumes have seen substantial increases alongside increased volatility. In May, Bitcoin’s value rose from $ 6,000 to $ 8,000, and then fluctuated between $ 8,000 and $ 9,000 by June 15.
According to Messari data, Bitcoin’s trading volume exceeded $ 19 billion in 24 hours. Major exchanges considered to report “real volumes” according to Bitwise recorded a daily transaction volume of $ 900 million.
With the rise in price, Bitcoin’s dominance on the market reached 57 percent, two percent higher than Friday.
Analysts are of the opinion that Bitcoin’s upward trend is likely to continue to test the $ 10,000 threshold in the coming period.
Over 1 million active addresses per day
According to CoinMetrics.io, there are now over a million active daily addresses, statistics published on Twitter by Kevin Rooke:
“When Bitcoin exceeded for the first time 1 million active addresses (November 27, 2017), 1 BTC cost $ 9,352, and the average charge was $ 3.23.
Yesterday (June 15th) 1 BTC cost $ 8,230, and the commission was $ 1.33 “
the user showed.
When Bitcoin first broke 1 million active addresses (Nov. 27, 2017), 1 BTC was $ 9,352 and the median tx fee was $ 3.23.
Yesterday 1 BTC was $ 8,230 and the median tx fee was $ 1.33.
– Kevin Rooke (@kerooke) June 15, 2019
This is a clear signal of increasing Bitcoin popularity, encouraging the future of the Cryptomon.
Positive effect on the entire crypto market
BTC is traded around $ 9,200 and the other Cryptomonades have also had positive developments.
Most have seen increases between 2 and 5%, except for Binance Coin (BNB). Ethereum is traded around $ 270, while Cryptomoneda Litecoin is at $ 137. Bitcoin Cash exceeded $ 430, while EOS exceeded $ 7.
The total estimate of the cirpto market is around $ 280 billion.