If transactions are in fact increasing to 2017 levels, this indicates that there is at best a weak relation between transaction volume and btc/crypto price. Whales move the market. We need big Chinese players or institutions to move the market up with massive purchases.
RE: Bitcoin transactions approaching 2017 bull-run levels
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Bitcoin transactions approaching 2017 bull-run levels
Correct. Currently not much correlation at all. However, it does likely mean adoption and or trading is picking up, which would be better than a sharp stick in the eye. :)
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