Bitcoin
BTC$103 090.04

7.54%

Ethereum
ETH$3 836.90

4.67%

Tether
USDT$1.000611

-0.01%

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-11.83%

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-1.99%

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BNB$714.72

-5.07%

Bitcoin average transaction value increases 500% since July


21 Oct 2020

#Bitcoin

The average value of Bitcoin (BTC) transactions has increased dramatically since July this year. The average transaction value was sitting at approximately $25,000 per transaction four months ago, but posted a yearly high on Oct 20 at $151,000 per transfer — representing an increase of more than 500%. 

The latest spike, as shown by crypto analytics platform BitInfoCharts’ data, saw the average value of a transaction increase almost $50,000, up from $105,000, in the last 48 hours. This surge in transaction value comes shortly after Bitcoin’s trading dominance rose to levels not seen since 2017.

The $151,000 average value is 190 times more than Ethereum’s average transaction value of $793, suggesting a significantly greater institutional presence in the Bitcoin markets. However, the number of daily Ethereum transactions increased by 30% amid the DeFi boom in August, reaching a 2-year high of 1.29 million on Aug 10. Over the same period, Bitcoin transactions consistently hovered between 300k and 350k, suggesting the Ethereum ecosystem was the primary magnet for new crypto users. The number of Bitcoin active addresses also showed no significant changes, fluctuating between 650k and 970K over the last 4 months.

By the end of September, Grayscale controlled at least 449,900 BTC or 2.4% of the current supply of Bitcoin, and Microstrategy owned 38,250 BTC. Two weeks later, Jack Dorsey’s Square purchased 4,709 BTC (approximately $50 million) in Bitcoin.

Source


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 67.6% 59 $103 090.04 7.54% 7.84% $2 040 210 476 450 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.2% 57 $3 836.90 4.67% 6.55% $462 123 587 518 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $1.000611 -0.01% -0.02% $135 773 947 858 USDT 7 days price change
4 XRP (XRP) XRP XRP predictions 60% 90 $2.25 -11.83% 53.63% $128 425 622 061 XRP 7 days price change
5 Solana (SOL) SOL Solana predictions 70.8% 62 $233.16 -1.99% -2.99% $110 833 879 897 SOL 7 days price change
6 Binance Coin (BNB) BNB Binance Coin predictions 84.8% 25 $714.72 -5.07% 9.56% $102 925 874 853 BNB 7 days price change
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8 Cardano (ADA) ADA Cardano predictions 58% 87 $1.18 -2.83% 17.06% $41 330 413 929 ADA 7 days price change
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15 Chainlink (LINK) LINK Chainlink predictions 57.6% 88 $23.58 -1.83% 30.47% $14 783 602 206 LINK 7 days price change

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