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Cryptoslate

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Image Credit: Cryptoslate

First significant rise in Bitcoin velocity since March shows spike in trading

  • Bitcoin velocity measures the rate at which coins are circulating within the market.
  • In September, Bitcoin's velocity experienced a notable uptick, indicating increased market activity.
  • While this short-term spike is significant, the overall trend shows a decline in Bitcoin velocity.
  • The current uptick in velocity suggests a possible bullish outlook but needs sustained market activity to reverse the declining trend.

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