Bitcoin

Dominance index of the largest digital currency is increasing, despite the fact that many retail traders have begun to purchase tokens that are promoted on social networks. Meanwhile, the BTC trading volume is steadily decreasing. The range of price fluctuations of the cryptocurrency has decreased by 12% over the past four days, and since the end of March it has fallen by 31%. The decline in the volume of cryptocurrencies on exchanges suggests that investors are not interested in aggressive sales. Bitcoin on Wednesday, May 15, fell to $26,624. In the first half of the day, it was trading above $27,000. The <a href="https://coinstelegram.com/news/the-price-of-bitcoin-has-risen-above-27-5-thousand-after-falling-to-the-lowest-since-mid-march/" rel="noopener noreferrer nofollow">price of bitcoin</a> has risen above $27.5 thousand after falling to the lowest since mid-March. However, BTC is still holding within acceptable limits, and observers do not expect a stronger pullback. The number of active addresses in the bitcoin network is also decreasing. Since April, it has decreased by 33%, according to a report by Glassnode. The weakening of transactional activity also contributes to a decrease in the BTC volatility index.

Dominance of bitcoin in 2023 increased by 5%

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