As before, the main contribution to the dynamics was primary speculative interest. It is quite likely that institutional investors will intensify demand in the first cryptocurrency after such a massive decline. The situation may change dramatically in either direction based on factors such as “Chinese FOMO”, which makes the market irrelevant for retailers at the moment. Nevertheless, we saw several attempts: Bitstop installed 5 BTC ATMs in the U.S. network of shopping centres Simon Malls before “Black Friday”.
The FxPro Analyst Team