Ethereum [ETH] and XRP Obtain Coincheck OTC Commercial Support

The cryptocurrency market has seen a rise in the price of most major cryptocurrency currencies, including Tezos [XTZ], Bitcoin Cash [BCH] and litecoin [LTC], April 15th. The price of the largest cryptocurrency, Bitcoin [BTC] also remains above $ 5,000 and has seen minimal growth. However, according to TrustNodes, nearly $ 7 billion of BTC has been transferred in the chain over the past day with 1.3 billion Bitcoins in trade.

The report said more than a quarter of a billion dollars was moved every hour with "the average value of a transaction rising to $ 22,000, while the median is $ 100." The largest transactions included $ 850 million or 165,000 bitcoins. This represents more than 10% of all transfers made. The identity speculated behind this transfer was made up of regular individuals using cryptocurrency for international transfers, commercial value, or exchange value.

In a previous statement, Sonny Singh, COO of BitPay, had noted that some merchants were processing $ 10 million worth of Bitcoin payment transactions in a month. In addition to Bitpay, there are other exchanges such as Coinbase Commerce, Bitcoin Switzerland and Coinify, which offer Bitcoin payments.

In addition to merchant payments, Bitcoin transactions take place internationally. Bitcoin transfers were particularly high for international payments, as they provided a faster alternative to banks. The report said:

"Russia is very interesting in exceeding Localbitcoin's volumes with around 3,000 per week, worth about $ 15 million, twice the value of the United States or the European Union."

Although the reasons are unclear, circumvention of sanctions could be an underlying case of use, thus avoiding the entire banking system.

Bitcoin [BTC]at the time of the press, was traded at $ 5,159.63 with a market capitalization of $ 91 billion. He noted a trading volume of $ 11 billion over 24 hours, while noting growth of 1.35% the day before. In the last seven days, BTC has seen a decline of 0.99%, but it has strengthened as it has noted a tiny growth of 0.07% in one hour.