In the second quarter, the value of Bitcoin transactions exceeded $ 180 billion

Bitcoin transaction value exceeded $ 180 billion in the second quarter

According to The Block, in the second quarter of 2020, more than $ 180 billion or almost $ 2 billion of transactions were made on the bitcoin network every 24 hours..

The study showed that compared to the previous period, the level of commission for operations increased by 136%, and the exchange activity – by 3%. At the same time, there was an influx of cryptocurrency in the Lightning Network, as a result of which the capacity of the second tier network reached an annual maximum..

In the second quarter, the value of Bitcoin transactions exceeded $ 180 billion

The Block also notes that over the past 12 months, the number of addresses where BTC is stored for at least a year has grown by 22% and reached 20.3 million in June..

At the same time, bitcoin is less and less often compared with the digital analogue of gold, not only because of the high volatility, but also because of the increased correlation with the S index.&P 500. June average was 65.8%, with a maximum of 66.2% on the last day of the month.

Earlier, we also reported that the return on investment in the MTC over the past five years is 70 times higher than that of the stock markets..

text: Ivan Malichenko, photo: Shutterstock

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