Bitcoin and Ethereum faces lowest level on transaction volume
Ethereum (ETH) is currently trading below $ 200, according to CoinMarketCap. Bitcoin (BTC) is approaching $ 6,300, the lowest level in the last two months. The transaction volume of Bitcoin and Ethereum crypto coins also reached the new low level.
Bitcoin and Ethereum saw a new low on transaction volume
In recent weeks and months, Ethereum and Bitcoin are being treated with very low volatility. Indeed, prices remain constant, something unusual for virtual currencies. Since 9 August, Bitcoin is trading between 6,000 and 7,200 dollars. However, since the beginning of September, Bitcoin is trading between $ 6,300 and $ 6,750.
During the same time, Ethereum did not perform as well as Bitcoin. Indeed, the second most valuable crypto money has lost 42% of its price since 9 August. Ethereum’s theory began in the second week of September. Since then, Ethereum is trading between 190 and 240 dollars.
According to a new study by Diar, the transaction volume of crypto money reached its lowest level of 1 year. Diar is a market research group that focuses on digital currencies. During the month of October, the Bitcoin transaction volume was under $ 1 billion. Compared to last year, this represents a 38% decline.