Brad Koeppen, head of transaction and business development at CMT Digital, said that bitcoin (BTC) transactions have remained largely unchanged amid global concerns about coronaviruses and the plunge in mainstream markets. With the sell-off of BTC in the traditional market, volatility and transaction volume are on the rise, but high volatility is not new in Bitcoin.
During the crisis on March 12, Bitcoin was in line with the traditional market and liquidity was very valuable, so people are selling all assets including Bitcoin. Halving is a highly anticipated moment in the life cycle of Bitcoin. Brad said that he has no opinion on the direction of the halving price, but he believes market activity will increase.