Bitcoin Back Above $7K as a Higher Low Can Spark an Explosive Move

[ad_1] Bitcoin (BTC) bounced back from an early morning sell-off, reaching highs for the day of $7,375, a swing of 7.5% from the lows of $6,854.Other major cryptocurrencies also made similar moves in price, with Ether (ETH) regaining $130 having traded as low as $125.50 and XRP reclaiming $0.19 having previously traded at $0.185.Bitcoin dominance remains above 68% and looks like it’s on its way to grab 70% of the
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673 billion Dollar on-chain transaction volume for Bitcoin in 2019

[ad_1] Advertisment Bitcoin’s transaction volume moved close to its peak in 2019, making it more constant than in previous years. Overall, the value transferred by BTC corresponds to ten times what Paypal Mobile Payment Service Venmo did in 2018.Bitcoin’s network was worth over $ 673 billion in 2019, with some impressive single transactions worth $ 1 billion. At the time, three blocks of Bitcoin were worth $ 8.9 billion in