Decreasing interest from investors
A key characteristic of the previous Bitcoin's rally was a high degree of interest from investors. This is not the case for the current rally. In November 2017, the relative index of the Bitcoin query was 36. In June 2019, it did not exceed 12 that is three times less than the previous value. This indicator is used to monitor interest in Bitcoin and determine the requirement volume for the number one digital currency.
Reducing number of queries in the network
The difference between the current rally and the events of 2017 in the cryptocurrency market can be clearly seen from the search query “how to buy bitcoin”. Unfortunately, the situation is not in favor of the leading digital asset. This indicator reflects the general interest of users in Bitcoin and shows the approximate number of new investors. In November 2017, the index stood at 41, while in June 2019, it was equal to only 5, eight times below the previous value.
Reducing number of active addresses
This indicator reflects the number of active network subscribers. In November 2017, their number achieved 1.15 million. Despite the replicated success of two years ago, only 875 thousand users have turned out to be active this week. This is 24% less than that of two years earlier.
Low fees
This indicator is great for determining the network state. It shows whether a network with transaction requirements is overloaded, as miners are more likely to use transactions with a higher commission. In November 2017, the average commission fee per transaction was $6.5 compared to the current value of $2.3. At the moment, there are no signs of overload. Therefore, there is no high demand for the digital asset.
Decline in total transaction volume
The adjusted transaction cost in the Bitcoin network is now much lower than in November 2017. At that time, about 384 thousand Bitcoins were transferred daily, now only 177 thousand.
Reduction in average and median transaction size
The reduction in the average and median transaction sizes in the Bitcoin network shows a decline in interest in the cryptocurrency market. At the moment, the average transaction size is 0.82 BTC, whereas it was 2.2 BTC in November 2017. Two years ago, the median size amounted to 0.012 versus 0.007 as of the current date.
For nearly a century, the US-based weekly periodical Time has closed out the year by selecting the person who has had the most significant impact on the global stage—not necessarily a positive one. This year, the magazine's cover features Donald Trump, who recently won the US presidential election. Let's find out who else was honored by Time and in which nimonations.
Following his election victory, Donald Trump, a billionaire himself, once again decided to include prominent magnates in his administration, as he did during his first presidential term. As a result, Trump's current cabinet features seven billionaires, making it one of the wealthiest in US history. Let's find out who these billionaires are and the roles they have been assigned.
Not long ago, the United States held a presidential election, where Donald Trump emerged victorious. Today, he is recognized as the wealthiest American leader in the country's history. Let's take a closer look at other former US presidents who also achieved significant financial success.
