Commodity Blog

Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, and soft commodities

Archives

Bitcoin Transactions Declining With Prices (Corrected Chart)

July 4, 2013 at 1:10 by BitcoinNews

Bitcoin transactional volume dropped to 26.5K by July 2, from a high of 71K on May 11,  surpassing the prior highs near 70K on the 10th days of March and April. Meanwhile, the Bitcoin price is the lowest since mid-April, when it briefly fell below $70. It fell steadily throughout the day from $90.90 at the high to a low today, according to Mt. Gox, of $76.00, before rising back to $81.50.

The Coinbase chart originally posted a few days ago was incorrect, so an updated chart is posted below.

drop in transactional volume

 

 

Leave a Reply

required
required  

Navigation

Menu