Bitcoin velocity saw an unexpected uptick this September, interrupting a steady decline that plagued the market since mid-March. This increase hints at renewed market participation, driven by traders aiming to capitalize on volatility. Historically, Bitcoin's velocity has been on a downward trend, reflecting its shift to a long-term holding asset, bolstered by rising institutional involvement. Could this latest spike signal a market ready to break from its prolonged consolidation phase and...
First significant rise in Bitcoin velocity since March shows spike in trading
09/16/2024 13:59
The decline in Bitcoin's velocity has been interrupted by an uptick in September, hinting at increased market participation.
First significant rise in Bitcoin velocity since March shows spike in trading 18 seconds ago · 3 min read
Increased trading activity in September ends Bitcoin's months-long velocity dip.

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