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bitcoin Price Analysis – OTC volume spikes
bitcoin (BTC) continues to trend downward on light trading volume. The market cap now stands at US$119.72 billion, with US$1.82 billion traded in the past 24 hours.Transactions per day are down sharply from the record high, above 400k in December, and are currently near 170,000 per day. Transactions have not only declined due to a lack of usage but also transaction batching, where one transaction is sent to many addresses at once instead of each transaction being sent individually.
