Report: Bitcoin/stable currency transactions in the third quarter accounted for approximately 40% of all transactions in the currency

On October 11, the Institute of Counseling issued a review report on the cryptocurrency correlation in the third quarter of 2019, referring to the market value of Bitcoin and the correlation of the altcoin. The market value of Bitcoin soared in the third quarter of 2019, once reaching a high of over 70%. According to the report, the proportion of transactions in bitcoin and stable currency transactions in the third quarter also increased, accounting for about 40% of all transactions in the currency. According to the report, in the first half of 2019, Bitcoin transactions fluctuated between 15% and 25%. In addition, the report mentions some of the altcoin-related trends in the third quarter, indicating that the altcoins of PoW, privacy or programmable blockchain are highly correlated in their respective categories.