The second quarter of 2020 was very profitable for bitcoin investors, according to data analytics firm Skew.
During the period, the top cryptocurrency climbed 42%, its fourth-best quarterly close since 2014. For the March quarter, the digital asset fell 10.6%, dragged by the massive Black Thursday crash. As a matter of fact, bitcoin declined in three successive quarters before Bitcoin automatic exchange Q2 2020.
There’s still optimism in some quarters, however, that Bitcoin’s third halving will lead to an increase in the price of the benchmark cryptocurrency in this quarter and beyond. A number of analysts’ predictions put BTC at a price of $20,000 by year-end.
Sell bitcoin to paypal eur instant added 1.46 million new users last year, it stated. But stricter know-your-customer (KYC) requirements implemented in the last half of the year drove away some customers, both new and existing.
During the review period, the P2P exchange noted that the number of active users on the platform totaled 913,000. Chief executive officer Sebastian Sonntag commented: