Bitcoin trading volumes rose 50 times since the last halving

by in Cryptocurrency News

Bitcoin halving

From 2016 BTC trading volumes soared by 5000%, and market value increased by 1500%.

According to Cryptowatch analysts, the average monthly trading volumes of bitcoin have increased 50 times over the past 4 years. In January 2016, this figure was $0.5 billion, and in April 2020 exceeded $27 billion.

The price of bitcoin for this period of time has grown 15 times. Before the last halving, it was at $400, after which it grew above $800 by the end of the year:

Related: Commissions in Bitcoin network grew by 300% before halving

In addition, the number of requests for the phrase "Bitcoin halving" in Google has increased 4 times. This may indicate that interest in the current halving significantly exceeds the hype surrounding the previous one.