The Bitfinex crypto exchange moved 161,500 BTC (about $1.1 billion) between its wallets. The commission for this transaction was less than a $1. It is hard to imagine a more impressive advertisement for the crypto sector over the traditional banking system. However, exchange rate fluctuations prevent Bitcoin from becoming a standard mean of payment. Moreover, the trend towards the weakening of bitcoin is taking place against the optimism recovery in stock markets (primarily in China) and the renewal of seven-year highs for gold.
The FxPro Analyst Team