For the first half of 2020, the Bitcoin exchange rate grew by 27%, overtaking gold and platinum

In the first half of 2020 the priceBitcoin added 27.09%, which is significantly higher than the market indicators of the main precious metals. The main growth occurred in the second quarter (46.61%), since in the first three months of the year the cryptocurrency lost 11.35%.

During this period, against the background of the global crisis, the exchange rategold rose by 16.45%. Although the Au price reached its eight-year high in June, it still lagged 10.64% behind the BTC. Silver and platinum were never able to recover after the March collapse; in the first half of 2020, their rates dropped by0.45 and 15.75%, respectively.

Analysts believe that positive indicatorsBitcoin is due to its increased correlation with stock markets, which are also actively recovering lost positions. In addition, cryptocurrencies are more volatile than precious metals, which provides investors with better returns for taking on increased risks.

However, even despite the good dynamics,The popularity of the digital asset is still far from the level of the 2017 crypto boom. According to research from The Block, there are now eight times fewer searches for the word “bitcoin,” the number of visits to the Wikipedia topic page is 31 times lower, and the trading volume of the BTC/USD pair has fallen by 85.3%.

At the same time, network activity is gradually increasing and in the second quarter of 2020, the total transaction value of the MTC exceeded $ 180 billion.

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