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367: THE AVERAGE BITCOIN TRANSACTION VALUE IS NOW WORTH $151K!! PAYPAL TO OFFER BTC AND CRYPTO PAYMENTS!!
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
English - October 21, 2020 15:03 - 18 minutes - 8.71 MB - ★★★★ - 537 ratingsTechnology Education bitcoin binance bitcoinnews bitcoinnewstoday bitcoinprice bitmex blockchain btc btcnews crypto Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The average value of Bitcoin transactions has increased dramatically since July this year.
The average BTC transaction value was sitting at approximately $25,000 per transaction four months ago, but posted a yearly high on Oct 20 at $151,000 per transfer - representing an increase of more than 500%.
The latest spike, as shown by crypto analytics platform BitInfoCharts' data, saw the average value of a transaction increase almost $50,000, up from $105,000, in the last 48 hours. This surge in transaction value comes shortly after Bitcoin’s trading dominance rose to levels not seen since 2017.
The $151,000 average value is 190 times more than Ethereum’s average transaction value of $793, suggesting a significantly greater institutional presence in the Bitcoin markets.
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