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Aug 29, 2023

Bitcoin trades at five-year low, but value remains strong

Posted by in categories: biotech/medical, bitcoin, cryptocurrencies, economics

Trading activity in August has fallen by over 94 percent compared to March this year.

Far from its all-time high values, cryptocurrency Bitcoin is failing to attract interest from traders, as per a recent report of trading volumes at crypto exchanges, CNBC

The interest in Bitcoin surged during the COVID-19 pandemic as the world economy came to a grinding halt. As investors looked to park their funds in rising assets, Bitcoin became a top favorite, and its valuation soared to all-time highs of over $68,000.

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