{"id":12325,"date":"2022-05-13T17:13:13","date_gmt":"2022-05-13T17:13:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/is-btc-worth-buying-after-industrial-outflows-reach-73m\/"},"modified":"2022-05-13T17:13:13","modified_gmt":"2022-05-13T17:13:13","slug":"is-btc-worth-buying-after-industrial-outflows-reach-73m","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/is-btc-worth-buying-after-industrial-outflows-reach-73m\/","title":{"rendered":"Is BTC worth buying after industrial outflows reach $73M?"},"content":{"rendered":"<p><b>(Originally posted on : Analysis Archives &#8211; Best Bitcoin Exchange )<\/b><br \/>\n<\/p>\n<div>\n<ul>\n<li>\n<p>Weekly institutional Bitcoin Outflows reached $73 million<\/p>\n<\/li>\n<li>\n<p>Bitcoin transactions reached the lowest fees in 2 years<\/p>\n<\/li>\n<li>\n<p>Australia\u2019s first Bitcoin ETF could attract $1 billion<\/p>\n<\/li>\n<\/ul>\n<p>Bitcoin (BTC) is the largest cryptocurrency token, both in terms of its market capitalization as well as the global interest in what it offers.<\/p>\n<p>There have been numerous recent updates relating to the overall Bitcoin blockchain, as well as the global adoption of the coin, which could lead to an increase in its value.<\/p>\n<h2>Low transaction fees and Outflows reaching $73 million could impact BTC\u2019s value<\/h2>\n<p>Bitcoin (BTC) investment products have taken a major hit, as digital asset investment products have<a href=\"https:\/\/blog.coinshares.com\/volume-75-digital-asset-fund-flows-weekly-report-4a847cde4458\" rel=\"noopener noreferrer\" target=\"_blank\"><u>\u00a0reached $73 million.<\/u><\/a><\/p>\n<p>The outflows from all crypto investment products stood at $97 million throughout last week due to the drop in the market cap of digital assets.\u00a0<\/p>\n<p>However, Bitcoin transaction fees have also been much easier to deal with due to the fact that they ended up reaching a two-year low in price.\u00a0<\/p>\n<p>The average transaction fee per Bitcoin (BTC) transaction made a complete turn, as it has settled down to $1.039, which is a number that was last recorded in June 2020.<\/p>\n<p>This is based on advanced data, which was\u00a0<a href=\"https:\/\/www.blockchain.com\/charts\/fees-usd-per-transaction\" rel=\"noopener noreferrer\" target=\"_blank\"><u>conducted by Blockchain.com<\/u><\/a>, where the average BTC transaction fee saw a steady decline from its all-time high of $62.788.<\/p>\n<p>Prior to April 2021, Bitcoin\u2019s average transaction fees peaked in December of 2017 at $54.638.\u00a0<\/p>\n<p>Alongside this, Australia\u2019s first Bitcoin ETF could attract $1 billion after it launches, as financial regulators greenlit it to begin trading on April 27.<\/p>\n<p>The\u00a0<a href=\"https:\/\/www.afr.com\/companies\/financial-services\/crypto-etf-race-narrows-to-etf-securities-cosmos-20220420-p5aequ\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Australian Financial Review reports<\/u><\/a> that it could see up to $1 billion in inflows.<\/p>\n<p>However, most alternative cryptocurrencies (altcoins) outperformed Bitcoin throughout last week, which suggests a greater appetite for risk among the traders.\u00a0<\/p>\n<p>In any case, all of these developments could bring Bitcoin\u2019s value up by the end of April, so let us go over how much.<\/p>\n<h2>Should you buy Bitcoin (BTC)?<\/h2>\n<p>On April 20, 2022, Bitcoin (BTC) had a value of $41,516.84<\/p>\n<p><\/p>\n<p>In order for us to get a better perspective as to what kind of value point this is for the BTC cryptocurrency, we will be going over its all-time high point of value, alongside its performance throughout the previous month.<\/p>\n<p>When we look at the coin\u2019s all-time high, Bitcoin (BTC) had a value of $69,044.77 on November 10, 2021. Here, we can see that the coin was $27,527.93 higher in value, or by 66%.<\/p>\n<p>However, when we go over its performance throughout March, Bitcoin (BTC) had its lowest point of value on March 7, with a value of $37,351.3.<\/p>\n<p>Its highest point of value, however, was on March 28, with a value of $47,938.14. Here, we can see that the coin has increased in value by $10,586.84 or by 28%.<\/p>\n<p>With all of this in mind, we can expect the Bitcoin (BTC) coin to increase in value to $45,000 by the end of April, which makes it a solid coin to get.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/www.bestbitcoinexchange.io\/news\/is-btc-worth-buying-after-industrial-outflows-reach-73m\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Analysis Archives &#8211; Best Bitcoin Exchange ) Weekly institutional Bitcoin Outflows reached $73 million Bitcoin transactions reached the lowest fees in 2 years Australia\u2019s first Bitcoin ETF could attract $1 billion Bitcoin (BTC) is the largest cryptocurrency token, both in terms of its market capitalization as well as the global interest [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":12326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[37],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12325"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12325"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12326"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}