Author: Panos Mourdoukoutas / Source: Forbes
Bitcoin prices have stacked around the $6,000 mark recently. That’s at the low end of their trading range over the last six months.
That may have come as a surprise to Bitcoin bulls. The digital currency supposed to be a hedge against global uncertainty.
And there has been plenty of it recently, from Brexit to sovereign debt risk in Italy, and to trade wars with China.| Investment Vehicle | 3-month performance | 12-month performance |
| Bitcoin | -13.73% | 138.12% |
| Gold | -5.72 | 0.25 |
| SPY | 3.74 | 0.19 |
Source: Finance.yahoo.com 6/29/18
What’s holding the price of Bitcoin from rallying? Several things.
One of them is a drop in the ‘on-chain network transaction.’
“Bitcoin is experiencing technology growth through payment channel systems like the Lightning Network, but the on-chain network transaction volume has dropped off in the last few months, giving some people cause for concern,” says Dan…
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