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    Best_Change
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    March 05, 2020, 07:27:04 AM
     #61

    42% of BTC has not moved since 2017, and trading volume on LocalBitcoins hits a 7-year low

     42% of BTC has not moved anywhere since 2017

    CoinMetrics analyst Nate Maddrey noted that 42% of bitcoins stay the wallets of their owners since June 2017.

    In addition, since January last year, investors have been actively building crypto portfolios. A similar situation was observed in mid-2017, by the end of which Bitcoin made the famous rally and set a price record at $20,000. According to representatives of the crypto community, at this moment the price of BTC is being prepared for a new leap.

    However, it should be noted that about 4 million coins are permanently lost and physically unable to move.

     Trading volumes at LocalBitcoins hit a 7-year low

    Trading on the popular p2p cryptocurrency exchange platform LocalBitcoins has dropped to the levels of 2013, according to Coin Dance.

    Last week, the weekly trading volume was 3,411 BTC, which is almost 10,000 BTC lower than in the same period last year. Such low volumes took place only when the exchange was launched. In 2019, LocalBitcoins introduced new user verification rules in order to comply with the KYC/AML requirements of the Finnish law where the exchange is located. In January, at the request of the EU, the platform also restricted access to several African countries.


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