Bitcoin trading has fallen by 40 percent since December
The Bitcoin rate has been fairly flat for a while. The currency has fluctuated for weeks in value between 3,000 and 4,000 dollars and now lingers around 3,500 dollars. That has quite a few consequences, because the trade in the Bitcoin is almost completely silent. Nobody buys or sells yet the course no longer shows any significant increases or decreases.
Binance is the largest crypto exchange in the world. In the first half of 2018, they regularly processed more than 10 billion dollars in Bitcoin transactions, but there is now ‘nothing’ left over. Binance traded in January 2019 for about 3.5 billion dollars in Bitcoin, even compared to December 2018 a decrease of no less than 40 percent.
At Coinbase, there has also been a downturn all year, even though it is even faster than at Binance. Coinbase passed the 8 billion dollar mark in January 2018 and did not go beyond 1 billion dollars a year later. We are still talking about huge amounts, but the decline is obvious.