Signs Are Positive: Crypto Spring Is Here
First of all, the Bitcoin price is showing stability we didn’t see for some time. Second of – and this one is even more important – Bitcoin transactions in February were at the highest level in 13 months. That’s right, from January 2018. Whoa!
Why is it so exciting and, actually, critical? Because it means that even with mostly negative media coverage, the interest in crypto is high and is here to stay. Transaction rates are one of the most fundamental metrics, and them going up is indeed a significant important sign.
One of the reasons behind this impressive bounce is… ETF. Yes, even though there are some negative reactions related to this subject, many believe that ETF will stimulate broader adoption of crypto and will bring institutional money to the still volatile market.