The average cost of Bitcoin transactions has grown 6 times since July

According to BitInfoCharts, over the past 3 months, the average bitcoin transaction value has increased by 504% from $25,000.up to $151K

Against the background of the increase in the MTC rate on October 20, thisthe indicator set a new annual high. In the last 48 hours alone, the average cost of transactions increased by $ 46 thousand. At the same time, there was a jump in the dominance indicator of the first cryptocurrency to the level of 2017.

Analysts note that such an increase in transaction costs indicates the presence of a significant number of institutional investors in the marketsbitcoin. For comparison, the average cost of ether transactions (ETH) is at $ 790, which is 191 times less than the BTC indicator.

Despite this, it is Ethereum that has recently contributed to attracting new users to the crypto market.Against the backdrop of the hype around decentralized finance, the number of transactions of Ether increased by 30% in August, and bitcoin has thisThe indicator did not change much and fluctuated in the usual range.

A study of the CEX.IO exchange also showed that in the first half of 2020, cryptocurrency deposits of Russians grew 5 times.

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