Data Shows Investors Sell EUR and GBP for Crypto
Crypto analytics firm Messari disclosed data that shows investors from Europe are trading GBP and EUR for Bitcoin and Ethereum.
GBP
BTC Outperforms The British Pound as GBP Falls Apart
Bitcoin beats fiat currencies by 55%. BTC/GBP exchanges were almost 1,100% higher on Monday than on any other day. The spike was most likely caused by traders trading the Pound for Bitcoin. According to market data firm Kaiko Research, trading volumes between the British pound and the cryptocurrency bitcoin reached a new high after the sterling fell on Monday, indicating a rush by investors to dump their pounds for the digital asset or benefit from arbitrage. The rising BTC/GBP transaction activity demonstrates traders’ preference for the most popular cryptocurrency. The amount of crypto-fiat transactions on exchanges exceeded a record on
