Bitcoin (BTC) price again reached an all-time high in 2025, as values exceeded over 107,000 USD in June 2025. That particular price hike was connected to the approval of Bitcoin ETFs in the United States, whilst previous hikes in 2021 were due to events involving Tesla and Coinbase, respectively. Tesla’s announcement in March 2021 that it had acquired 1.5 billion U.S. dollars’ worth of the digital coin, for example, as well as the IPO of the U.S.’ biggest crypto exchange fueled mass interest. The market was noticeably different by the end of 2022, however, with Bitcoin prices reaching roughly 94,315.98 as of May 4, 2025, after another crypto exchange, FTX, filed for bankruptcy. Is the world running out of Bitcoin? Unlike fiat currency like the U.S. dollar - as the Federal Reserve can simply decide to print more banknotes - Bitcoin’s supply is finite: BTC has a maximum supply embedded in its design, of which roughly 89 percent had been reached in April 2021. It is believed that Bitcoin will run out by 2040, despite more powerful mining equipment. This is because mining becomes exponentially more difficult and power-hungry every four years, a part of Bitcoin’s original design. Because of this, a Bitcoin mining transaction could equal the energy consumption of a small country in 2021. Bitcoin’s price outlook: a potential bubble? Cryptocurrencies have few metrics available that allow for forecasting, if only because it is rumored that only a few cryptocurrency holders own a large portion of available supply. These large holders - referred to as “whales” - are said to make up of two percent of anonymous ownership accounts, whilst owning roughly 92 percent of BTC. On top of this, most people who use cryptocurrency-related services worldwide are retail clients rather than institutional investors. This means outlooks on whether Bitcoin prices will fall or grow are difficult to measure, as movements from one large whale already having a significant impact on this market.

By 2025, the Bitcoin market cap had grown to over ***** billion USD as the cryptocurrency kept growing. Market capitalization is calculated by multiplying the total number of Bitcoins in circulation by the Bitcoin price. The Bitcoin market capitalization increased from approximately *** billion U.S. dollars in 2013 to several times this amount since its surge in popularity. Dominance The Bitcoin market cap takes up a significant portion of the overall cryptocurrency market cap. This is referred to as "dominance". Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrics available. It measures the coin's market cap relative to the overall crypto market — effectively showing how strong Bitcoin compared to all the other cryptocurrencies that are not BTC, called "altcoins". The Bitcoin dominance was above ** percent. Maximum supply and scarcity Bitcoin is unusual from other cryptocurrencies in that its maximum supply is getting closer. By 2025, well over ** million out of all 21 million possible Bitcoin had been created. Bitcoin's supply is expected to reach its maximum around the year 2140, likely making mining more energy-intensive.

In March 2024 Bitcoin BTC reached a new all-time high with prices exceeding 73000 USD marking a milestone for the cryptocurrency market This surge was due to the approval of Bitcoin exchange-traded funds ETFs in the United States allowing investors to access Bitcoin without directly holding it This development increased Bitcoin’s credibility and brought fresh demand from institutional investors echoing previous price surges in 2021 when Tesla announced its 15 billion investment in Bitcoin and Coinbase was listed on the Nasdaq By the end of 2022 Bitcoin prices dropped sharply to 15000 USD following the collapse of cryptocurrency exchange FTX and its bankruptcy which caused a loss of confidence in the market By August 2024 Bitcoin rebounded to approximately 64178 USD but remained volatile due to inflation and interest rate hikes Unlike fiat currency like the US dollar Bitcoin’s supply is finite with 21 million coins as its maximum supply By September 2024 over 92 percent of Bitcoin had been mined Bitcoin’s value is tied to its scarcity and its mining process is regulated through halving events which cut the reward for mining every four years making it harder and more energy-intensive to mine The next halving event in 2024 will reduce the reward to 3125 BTC from its current 625 BTC The final Bitcoin is expected to be mined around 2140 The energy required to mine Bitcoin has led to criticisms about its environmental impact with estimates in 2021 suggesting that one Bitcoin transaction used as much energy as Argentina Bitcoin’s future price is difficult to predict due to the influence of large holders known as whales who own about 92 percent of all Bitcoin These whales can cause dramatic market swings by making large trades and many retail investors still dominate the market While institutional interest has grown it remains a small fraction compared to retail Bitcoin is vulnerable to external factors like regulatory changes and economic crises leading some to believe it is in a speculative bubble However others argue that Bitcoin is still in its early stages of adoption and will grow further as more institutions and governments recognize its potential as a hedge against inflation and a store of value 2024 has also seen the rise of Bitcoin Layer 2 technologies like the Lightning Network which improve scalability by enabling faster and cheaper transactions These innovations are crucial for Bitcoin’s wider adoption especially for day-to-day use and cross-border remittances At the same time central bank digital currencies CBDCs are gaining traction as several governments including China and the European Union have accelerated the development of their own state-controlled digital currencies while Bitcoin remains decentralized offering financial sovereignty for those who prefer independence from government control The rise of CBDCs is expected to increase interest in Bitcoin as a hedge against these centralized currencies Bitcoin’s journey in 2024 highlights its growing institutional acceptance alongside its inherent market volatility While the approval of Bitcoin ETFs has significantly boosted interest the market remains sensitive to events like exchange collapses and regulatory decisions With the limited supply of Bitcoin and improvements in its transaction efficiency it is expected to remain a key player in the financial world for years to come Whether Bitcoin is currently in a speculative bubble or on a sustainable path to greater adoption will ultimately be revealed over time.

Bitcoin's circulating supply has grown steadily since its inception in 2009, reaching over ** million coins by early 2025. This gradual increase reflects the cryptocurrency's design, which put a limit of ** million on the total number of bitcoins that can ever exist. This impacts the Bitcoin price somewhat, as its scarcity can lead to volatility on the market. Maximum supply and scarcity Bitcoin is unusual from other cryptocurrencies in that its maximum supply is getting closer. By 2025, more than ** percent of all possible Bitcoin had been created. That said, Bitcoin's circulating supply is expected to reach its maximum around the year 2140. Meanwhile, mining becomes exponentially more difficult and energy-intensive. Institutional investors In 2025, countries like the United States openly started discussion the possibility of buying bitcoins to hold in reserve. By the time of writing, it was unclear whether this would happen. Nevertheless, institutional investors displayed more interest in the cryptocurrency than before. Certain companies owned several thousands of Bitcoin tokens in 2025, for example. This and the limited number of Bitcoin may further fuel price volatility.

Detailed Maximum token supply metrics and analytics for Bitcoin, including historical data and trends.

Bitcoin is edging closer to reaching its finite, maximum supply, pushing its price up and making it harder to mine. As a rule of thumb, the fewer coins available to the general audience, the higher the value of the cryptocurrency becomes. No more mining is possible when a cryptocurrency reaches its maximum supply. The market price then reflects supply and demand. Bitcoin has a set limit of 21 million coins, the last of which is to be mined around the year 2140 according to a 2017 forecast - with the assumption that the rate of Bitcoin mining halves every 4 years. Why are there so many differences in crypto supply? Cryptocurrency developers can determine whether a coin should have a fixed limit, depending on the blockchain it utilizes or monetary strategies. Ethereum has no maximum supply, meaning miners can create and indefinitely extract this cryptocurrency. This is called an inflationary cryptocurrency, one that continuously inflates the supply. The idea is that the number of tokens in circulation keeps outpacing demand, decreasing overall value. Some coins limit the release of their (indefinite) supply or even destroy (burn) tokens. Such deflationary events took place with LUNA in 2022. The appeal of low-supply cryptocurrency for investors Crypto investors tend to be on the lookout for crypto with limited supply, ideally with low levels. After a token reaches maximum supply, the argument goes, the coin's supply becomes static - miners can no longer create new coins. The demand should continue to grow. A maximum cap, they hope, guarantees value gains. Not many such coins exist. DeFi platform AAVE is an example of a cryptocurrency with a max supply smaller than *** million.

It is estimated that the cumulative market cap of cryptocurrencies increased in early 2023 after the downfall in November 2022 due to FTX. That value declined in the summer of 2023, however, as international uncertainty grew over a potential recession. Bitcoin's market cap comprised the majority of the overall market capitalization. What is market cap? Market capitalization is a financial measure typically used for publicly traded firms, computed by multiplying the share price by the number of outstanding shares. However, cryptocurrency analysts calculate it as the price of the virtual currencies times the number of coins in the market. This gives cryptocurrency investors an idea of the overall market size, and watching the evolution of the measure tells how much money is flowing in or out of each cryptocurrency. Cryptocurrency as an investment The price of Bitcoin has been erratic, and most other cryptocurrencies follow its larger price swings. This volatility attracts investors who hope to buy when the price is low and sell at its peak, turning a profit. However, this does little for price stability. As such, few firms accept payment in cryptocurrencies. As of June 25, 2025, the cumulative market cap of cryptocurrencies reached a value of ******.

The average price of one Bitcoin Cash reached its all-time high in 2017, although the price since then never came close to that position. As of May 4, 2025, one Bitcoin Cash token was worth 356.13 U.S. dollars, rather than the nearly 2,500 USD from the peak in 2017. Bitcoin Cash - abbreviated as BCH - is a variant of the much more known Bitcoin - or BTC -, and is traded separately on online exchanges. That the two cryptocurrencies are different from each other already shows when looking at the price of a 'regular' Bitcoin: this was over 40,000 U.S. dollars during the same time frame.

Bitcoin's circulating supply has grown steadily since its inception in 2009, reaching over 19 million coins by early 2025. This gradual increase reflects the cryptocurrency's design, which put a limit of 21 million on the total number of bitcoins that can ever exist. This impacts the Bitcoin price somewhat, as its scarcity can lead to volatility on the market. Maximum supply and scarcity Bitcoin is unusual from other cryptocurrencies in that its maximum supply is getting closer. By 2025, more than 90 percent of all possible Bitcoin had been created. That said, Bitcoin's circulating supply is expected to reach its maximum around the year 2140. Meanwhile, mining becomes exponentially more difficult and energy-intensive. Institutional investors In 2025, countries like the United States openly started discussion the possibility of buying bitcoins to hold in reserve. By the time of writing, it was unclear whether this would happen. Nevertheless, institutional investors displayed more interest in the cryptocurrency than before. Certain companies owned several thousands of Bitcoin tokens in 2025, for example. This and the limited number of Bitcoin may further fuel price volatility.

The Cryptocurrency Exchanges industry shifted from being in the red to the black in recent years. Initially, cryptocurrency exchanges generated little revenue, as the concept of cryptocurrency was still in its infancy. Many local exchanges recorded operating losses and relied on external funding or capital sources. Nonetheless, the cryptocurrency boom, spurred by rising adoption and increased visibility on social media platforms, including posts from Elon Musk, turned things around in the two years through 2021-22. This boom was a milestone for the industry as demand for cryptocurrencies reached new peaks and raised awareness of cryptocurrencies as an asset class. Corporations like Tesla, Square and MicroStrategy began buying Bitcoin, stirring institutional interest in cryptocurrencies. Cryptocurrency exchange revenue is expected to grow at an annualised 2.2% over the five years through 2024-25 to $470.2 million. This includes an anticipated 11.0% spike in 2024-25 attributable to higher acceptance of cryptocurrencies and a more transparent regulatory framework. The Cryptocurrency Exchanges industry faces significant challenges like regulatory uncertainties, market volatility and cybersecurity threats. In recent years, multiple scandals have been detrimental to cryptocurrency exchanges and reduced investors’ confidence in them and cryptocurrencies. This includes the notorious FTX scandal, where the company’s founder misused clients’ funds to purchase luxury properties in the Bahamas and make huge political donations. This has elevated the Australian Government’s commitment to regulate the crypto industry in order to safeguard retail investors. Nonetheless, regulator crackdowns and uncertainty have weighed on industry revenue as investors become wary of potential risks. Beyond the controversies, advancements in blockchain technology, widespread acceptance of digital currencies and a growing range of products are set to contribute to the performance of cryptocurrency exchanges. The Federal Government will continue developing regulatory frameworks poised to enhance industry stability and credibility, drawing in more investors. This will benefit Australian crypto exchanges in the long run, as it helps foster trust. Cryptocurrency exchange revenue is forecast to continue growing strongly at an annualised 3.5% through 2029-30, to $557.1 million.

Bitcoin trading in Canada peaked in May 2018, and did not reach this level again in 2019, 2020 or 2021. This shows after investigating Bitcoin trading volumes conducted in the country's domestic currency. Despite this decline, Canada is believed to be in the top 10 of countries with the most Bitcoin trading in the world in 2020.

It should be noted that the source believes the domestic currencies are mainly used by the domestic population: it assumes residents from Canada are the only ones who make transactions using Canadian dollars. Whether this assumption is right or not, cannot be verified here. Also, the source does not explain the peak found in 2018, or whether the high trading volume that year was tied to a specific event.

Electron (Bitcoin) Ang pagsubaybay sa kasaysayan ng presyo ay nagbibigay-daan sa mga crypto investor na madaling masubaybayan ang performance ng kanilang pamumuhunan. Maginhawa mong masusubaybayan ang opening value, high, at close sa Electron (Bitcoin) sa paglipas ng panahon, pati na rin ang trade volume. Bukod pa rito, maaari mong agad na tingnan ang pang-araw-araw na pagbabago bilang isang porsyento, na ginagawang effortless na tukuyin ang mga araw na may significant fluctuations. Ayon sa aming data ng history ng presyo ng Electron (Bitcoin), tumaas ang halaga nito sa hindi pa naganap na peak sa 2024-03-23, na lumampas sa $0.04001 USD. Sa kabilang banda, ang pinakamababang punto sa trajectory ng presyo ni Electron (Bitcoin), na karaniwang tinutukoy bilang "Electron (Bitcoin) all-time low", ay naganap noong 2025-01-09. Kung ang isa ay bumili ng Electron (Bitcoin) sa panahong iyon, kasalukuyan silang masisiyahan sa isang kahanga-hangang kita na 367%. Sa pamamagitan ng disenyo, ang 930,277,117 Electron (Bitcoin) ay malilikha. Sa ngayon, ang circulating supply ng Electron (Bitcoin) ay tinatayang 0. Ang lahat ng mga presyong nakalista sa pahinang ito ay nakuha mula sa Bitget, galing sa isang reliable source. Napakahalagang umasa sa iisang pinagmulan upang suriin ang iyong mga investment, dahil maaaring mag-iba ang mga halaga sa iba't ibang nagbebenta. Kasama sa aming makasaysayang Electron (Bitcoin) dataset ng presyo ang data sa pagitan ng 1 minuto, 1 araw, 1 linggo, at 1 buwan (bukas/mataas/mababa/close/volume). Ang mga dataset na ito ay sumailalim sa mahigpit na pagsubok upang matiyak ang consistency, pagkakumpleto, at accurancy. Ang mga ito ay partikular na idinisenyo para sa trade simulation at mga layunin ng backtesting, madaling magagamit para sa libreng pag-download, at na-update sa real-time.

This dataset contains several files:dataset.tar.gz: A compressed PostgreSQL database representing a graph.addresses.csv: A list of approximately 100,000 labeled Bitcoin addresses.BitcoinTemporalGraph (dataset.tar.gz)This dataset represents a graph of value transfers between Bitcoin users. The nodes represent entities/users, and the edges represent value transfers or transactions between these entities. The graph is temporal and directed.Usage:Decompress the archive: "pigz -p 10 -dc dataset.tar.gz | tar -xvf -"Restore the tables into an existing PostgreSQL database using the pg_restore utility: "pg_restore -j number_jobs -Fd -O -U database_username -d database_name dataset"Ensure substantial storage for the database: 40GB for node_features and 80GB for transaction_edges (including indexes)Dataset DescriptionThe database contains two tables: node_features (approximately 252 million rows) and transaction_edges (approximately 785 million rows).Columns for node_features table:alias: Identifier of the nodedegree: Degree of the nodedegree_in: Number of incoming edges to the nodedegree_out: Number of outgoing edges from the nodetotal_transaction_in: Total count of value transfers received by the nodetotal_transaction_out: Total count of value transfers initiated by the nodeAmounts are expressed in satoshis (1 satoshi = 10^-8 Bitcoin):min_sent: Minimum amount sent by the node during a transactionmax_sent: Maximum amount sent by the node during a transactiontotal_sent: Total amount sent by the node during all transactionsmin_received: Minimum amount received by the node during a transactionmax_received: Maximum amount received by the node during a transactiontotal_received: Total amount received by the node during all transactionslabel: Label describing the type of entity represented by the nodeTransactions on the Bitcoin network are stored in the public ledger named the "Bitcoin Blockchain". Each transaction is recorded in a block, with the block index indicating the transaction's position in the blockchain.first_transaction_in: Block index of the first transaction received by the nodelast_transaction_in: Block index of the last transaction received by the nodefirst_transaction_out: Block index of the first transaction sent by the nodelast_transaction_out: Block index of the last transaction sent by the nodeNodes can represent one or more Bitcoin addresses (pseudonyms used by Bitcoin users). A real entity often uses multiple addresses. The dataset contains only transactions between nodes (outer transactions), but provides information about inner transactions (transactions between addresses controlled by the same node).cluster_size: Number of addresses represented by the nodecluster_num_edges: Number of transactions between the addresses represented by the nodecluster_num_cc: Number of connected components in the transaction graph of the addresses represented by the nodecluster_num_nodes_in_cc: Number of non-isolated addresses in the clusterColumns in the transaction_edges table:a: Node alias of the senderb: Node alias of the recipientreveal: Block index of the first transaction from a to blast_seen: Block index of the last transaction from a to btotal: Total number of transactions from a to bmin_sent: Minimum amount sent (in satoshis) in a transaction from a to bmax_sent: Maximum amount sent (in satoshis) in a transaction from a to btotal_sent: Total amount sent (in satoshis) in all transactions from a to bDataset of Bitcoin Labeled Addresses (addresses.csv)This file contains 103,812 labeled Bitcoin addresses with the following columns:address: Bitcoin addressentity: Name of the entitycategory: Type of the entity (e.g., individual, bet, ransomware, gambling, exchange, mining, ponzi, marketplace, faucet, bridge, mixer)source: Source used to label the address

Cryptocurrency enjoyed a prosperous year in 2021 as the asset class enjoyed record returns. In 2021, the crypto industry's total market capitalization grew by 187.5%, peaking at around US$3 trillion, with many of the top coins offering four-digit and even five-digit percentage returns. The value of Bitcoin peaked at almost US$65,000 in mid-April 2021 before falling to US$30,000 by June 2021. Today, over 20,000 different cryptocurrencies exist, with some having little to no following while others enjoy immense popularity, like Bitcoin and Ethereum. The tide turned however as the year came to an end as many economies grappled with numerous macroeconomic headwinds. Financial markets were negatively impacted by these headwinds with both stocks and fixed-income assets struggling. Cryptocurrency would not be spared, leading crypto assets like Bitcoin and Ethereum down as much as 50% in the first half of 2022. Market experts speculate that cryptocurrency may fall even lower by year-end 2022 given the uncertainty that has recently plagued the industry following the collapse of one of the largest cryptocurrency exchanges.

The Fall of FTX Prior to November 2022, FTX was recognized as one of the largest cryptocurrency exchanges in the world, gaining immense popularity during its short existence. The exchange was founded in 2019 with Sam Bankman-Fried co-founding and being the largest stakeholder in the company from inception. Mr Bankman-Fried also co-founded Alameda Research 2017, a quantitative cryptocurrency trading firm.
FTX enjoyed a meteoric rise, peaking in 2021 as the company’s valuation reached US$32 billion. The exchange also issued its own cryptocurrency token called FTT. At its peak in 2021, the exchange had over 1 million users and was the third largest crypto exchange by volume with its token FTT reaching a market cap of $9.39 billion. In 2022, as crypto assets struggled, the FTX exchange stood as one of the brighter lights in the sector. As other cryptocurrency exchanges were challenged on many fronts including bankruptcy earlier in the year, the majority owner of FTX came to the rescue offering financial support to several companies including Robinhood and Voyager. Sam Bankman-Fried would soon gain the nickname “Crypto’s White Knight”. FTX's downfall began when CoinDesk, a news site specializing in bitcoin and digital currencies, released a statement on November 2 2022 revealing that Alameda Research Trading firm was heavily invested in FTT, FTX’s own cryptocurrency, which represented around 40% of the trading firm’s asset holdings. This news put Sam in the spotlight and sparked widespread selloffs in digital assets. The story exposed the depth and complexity of the relationship between FTX and Alameda Research, including that FTX was lending significant quantities of its own token FTT to the trading firm to build up the cash levels. Although the company attempted damage control through public reassurances to its customers, it failed to prevent customers from withdrawing their funds. Four days later on November 6 2022, Binance, the world’s largest crypto exchange announced their decision to sell their entire holdings of the FTT tokens worth approximately US$529 million. Binance’s decision to liquidate its position in FTT was based on a risk management strategy following the collapse of the Terra (LUNA) crypto token earlier in 2022. Subsequent to this announcement, withdrawal requests began to rise rapidly and two days later, FTX was faced with a liquidity crisis and stopped paying back customers. While a bail-out was initially offered by Binance, it was rescinded after the necessary due diligence. As a result, eight days after the story broke, on November 11 2022 the company, FTX filed for bankruptcy.

ASIC Mining Machine Market Outlook

The global ASIC mining machine market size was valued at USD 1.2 billion in 2023 and is projected to reach approximately USD 3.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 13% during the forecast period. This growth can be attributed to the increasing adoption of cryptocurrencies and the rising demand for efficient and high-performance mining hardware.

One significant growth factor for the ASIC mining machine market is the escalating global interest and investment in cryptocurrencies. The proliferation of digital currencies not only encourages individual miners but also piques the interest of institutional investors who see the potential for high returns. This has led to an increased need for specialized mining hardware, such as ASIC mining machines, which are designed to perform specific tasks more efficiently than general-purpose computers. Additionally, the increasing difficulty of mining algorithms necessitates more powerful and efficient mining hardware, further driving market growth.

Another major growth factor is technological advancements in ASIC mining machines. Manufacturers are continually improving the performance and energy efficiency of these machines, making them more attractive to both small-scale and large-scale miners. Innovations in chip design, cooling systems, and energy management have resulted in machines that can produce higher hash rates while consuming less power. This not only enhances profitability for miners but also makes mining operations more sustainable, thereby broadening the market's appeal.

The increasing regulatory acceptance of cryptocurrencies in various countries also contributes to market growth. Governments and financial institutions are beginning to recognize the legitimacy and potential of digital currencies, leading to more favorable regulations and an environment conducive to mining activities. This regulatory support can boost investor confidence and encourage more widespread adoption of ASIC mining machines, as miners seek to capitalize on the legitimized cryptocurrency markets.

Cryptocurrency Mining Software plays a crucial role in the efficient operation of ASIC mining machines. This software is designed to manage and optimize the mining process, ensuring that the hardware operates at peak performance. It facilitates the connection between the mining hardware and the blockchain network, enabling miners to solve complex algorithms and validate transactions. With the continuous evolution of mining algorithms, cryptocurrency mining software must be regularly updated to maintain compatibility and efficiency. As the demand for high-performance mining hardware grows, so does the need for advanced software solutions that can enhance mining operations and maximize profitability.

The regional outlook for the ASIC mining machine market indicates significant growth potential in Asia Pacific, North America, and Europe. Asia Pacific, particularly China, dominates the market due to its established mining farms and favorable government policies. North America is also experiencing growth, driven by increasing investments in cryptocurrency mining and infrastructure development. Europe, while smaller in market share compared to Asia Pacific and North America, shows promise due to increasing regulatory clarity and technological advancements.

Product Type Analysis

The ASIC mining machine market is segmented into different product types, including Bitcoin Mining ASICs, Litecoin Mining ASICs, Ethereum Mining ASICs, and Others. Bitcoin Mining ASICs hold the largest market share due to the dominance of Bitcoin in the cryptocurrency market. These machines are optimized for the SHA-256 algorithm, which is used by Bitcoin, allowing them to perform mining operations more efficiently than general-purpose hardware. The high profitability of Bitcoin mining drives the demand for these specialized ASICs.

Litecoin Mining ASICs are also gaining traction due to the increasing popularity of Litecoin as an alternative cryptocurrency. These machines are designed to optimize the Scrypt algorithm used by Litecoin, providing higher hash rates and better energy efficiency compared to traditional mining hardware. The growing acceptance of Litecoin for transactions and investments further fuels the demand for these ASICs.

Ethereum Mining ASICs are another important segment, although Et

P&L-to-MAP.

Nigeria's interest in Bitcoins reached a peak during the summer of 2020, reaching the highest level since early 2018. This conclusion reveals itself after investigating Bitcoin trading volume against domestic currencies used for the transaction of the virtual currency. The African country was said to be one of the three countries with the most Bitcoin trading in the world in 2020.

It should be noted that the source believes the domestic currencies are mainly used by the domestic population: it assumes residents from Nigeria are the only ones who make transactions using Nigerian naira. Whether this assumption is right or not, cannot be verified here. Also, the source does not explain the peak found in 2018, or whether the high trading volume in 2017 was tied to a specific event.

Number of days either Alpha-AS-1 or Alpha-AS-2 scored best out of all tested models, for each of the four performance indicators.

Sharpe ratio.

Bitcoin trading volume peaked in late February 2021 to a level much higher in the rest of the year, marking a significant month in the coin's history. Whilst there is no clear explanation why the trade volume went up so much on February **, Bitcoin's price development suggests the cryptocurrency's value around that time declined somewhat after weeks of growth and continued media attention. That morning, Bitcoin went down by around ** percent - potentially sparking a buying frenzy for people who saw this an opportune time to invest in the coin. Indeed, most consumers in both the U.S. and the UK invest in crypto for growth prospects.