Bitcoin trading volume and exchange fees dive amid Beijing’s ongoing crackdown in the name of financial stability

//Bitcoin trading volume and exchange fees dive amid Beijing’s ongoing crackdown in the name of financial stability

Bitcoin trading volume and exchange fees dive amid Beijing’s ongoing crackdown in the name of financial stability

Bitcoin trading volumes are continuing to plummet in response to pressures from a cryptocurrency crackdown in China, the location of most of the world’s bitcoin mining capacity, amid a bearish market for the most widely used cryptocurrency.Daily trading averages fell to US$34.8 billion in the first eight days of June, a sharp decline from the record US$67 billion last month and the lowest for any month since last December according to CoinDesk Research.The average bitcoin transaction fee – the…

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By | 2021-06-11T07:16:52+00:00 June 11th, 2021|Business|Comments Off on Bitcoin trading volume and exchange fees dive amid Beijing’s ongoing crackdown in the name of financial stability