Comparing Bitcoin Indicators from 2017 and 2019. What can be learned from that?
After the beginning of the bull run of Bitcoin, we have decided to track down how trading volume and blockchain indicators have been changing from mid-2017 to present.
- Trading volumes increased one and a half times from the highs of 2017
- With an increase of the network activity, commissions rise to $ 5 (to the level of January 2018)
- After a 35% drop in November 2018, the Bitcoin network hashrate and difficulty set new records
- The number of transactions has increased significantly since May 2019. On May 2, 2019, the second result was shown for the entire history with a number of 452,000 transactions per day