Free Bitmex Trading Signals groups on Telegram: ##UK lockdown had profound effect on Bitcoin purchases, says Revolut
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Bitcoin buying dropped off more than half in March, but rebounded soundly in April, according to the fintech company.
In brief
Revolut analyzed trading data collected from its crypto trading app.
UK users bought, on average, 50% less crypto when lockdown restrictions kicked in mid-March, the data showed.
But by the end of April, Bitcoin trading saw a huge rebound, according to the challenger bank.
When the UK went into lockdown, financial trepidation spread into the Bitcoin world, according to a new study released Wednesday by “challenger bank” Revolut.
The London-based fintech analyzed data from 3 million UK customers who use its crypto trading service to buy and sell Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP), Ethereum (ETH) and Litecoin (LTC).
The UK went into full coronavirus lockdown with the British public ordered to stay at home on March 23.
In the second half of March, UK crypto traders bought nearly two-thirds (-58%) less crypto per week, Revolut said. T
For more latest news update on Cryptocurrency, Free Crypto signals & Bitcoin Binance Bitmex automated trading BOT visit above given Telegram channel
Bitcoin buying dropped off more than half in March, but rebounded soundly in April, according to the fintech company.
In brief
Revolut analyzed trading data collected from its crypto trading app.
UK users bought, on average, 50% less crypto when lockdown restrictions kicked in mid-March, the data showed.
But by the end of April, Bitcoin trading saw a huge rebound, according to the challenger bank.
When the UK went into lockdown, financial trepidation spread into the Bitcoin world, according to a new study released Wednesday by “challenger bank” Revolut.
The London-based fintech analyzed data from 3 million UK customers who use its crypto trading service to buy and sell Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP), Ethereum (ETH) and Litecoin (LTC).
The UK went into full coronavirus lockdown with the British public ordered to stay at home on March 23.
In the second half of March, UK crypto traders bought nearly two-thirds (-58%) less crypto per week, Revolut said. T
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