BTC Daily Transaction Volume went down 2 year LOW

[RiyaFxbitcoin]

Guys for more news update currency prediction ICO news Events Currency events Crypto Trading Signals Crypto Currency Training & Free Auto Trading BOT trades automatically in Account join below given the best telegram channel which help you to make money in crypto market.


Binance Bittrex Poloniex High profitable Free Crypto Signals with consistent profit

Join- https://t.me/btctradingclub


High profitable Automated Crypto Trading BOT trades automatically in Account with consistent profit.
Visit- www.Crypto-autobot.com

Free Automated Crypto Trading Bot trades automatically in account & Crypto Trading Signals
Join- https://t.me/cryptosignalalert

The seven-day average for the number of daily bitcoin transactions has reached a two-year low, recently dropping below 160,000 for the first time since March 2016. The lull in transactions coincides with the weekly volume of bitcoins exchanged through peer-to-peer (P2P) trading volume on Local bitcoins recently dipping below 6,000 for the first time since February 2014.


Number of Confirmed Daily BTC Transactions Hits Two-Year Low
The number of confirmed daily bitcoin transactions has dropped substantially in recent weeks, with blockchain.info data indicating that the seven-day average falling from an all-time high of nearly 350,000 on the 16th of December 2017 to reach lows of between 150,000 – 155,000 during February 2018.

The recent lull comprises the first time that the seven-day average has dropped below 160,000 since March 2016, during which the price of BTC hovered between $400 – $450 USD.


Localbitcoins Global Trade Volume Reaches Four-Year Low

The reduction in transaction volume coincides with a significant drop in the number of bitcoins traded globally on

Localbitcoins.


Coin.dance data indicates that the total number of bitcoins traded on Localbitcoins has twice fallen below 6,000 in the last ten weeks, during the weeks of the 30th of December 2017, and the 24th of February 2018 respectively. Curiously, the lull in BTC volume around the 30th of December followed the all-time high for the weekly dollar value of Locabitcoins’ P2P trading.