Crypto Technicals: BTC/USD consolidates previous session's spike, 'Golden Cross' keeps scope for further upside
Regulatory Series on Cryptocurrencies: Regulatory Concerns Revolving Around Crypto-Industry Ahead of 2020 US-Election
Crypto Technicals: ETH/USD retraces brief dip below 200H MA, close above 5-DMA to see upside resumption
FxWirePro: Snapshot of EUR/JPY Driving Forces, Capitalize on 3m OTC Indications & Stay Hedged Via Delta Instruments
Total number of Bitcoin ATMs surpasses 3.5k globally in line with surge in demand
The Bitcoin ATM segment has been a buzz world due to a wide range of features, such as ease of functionality, robust technology, and rapid increase in demand. Well, this sudden surge in demand is the major driving force as to why more number of consumers and investors turn towards the automated business machines as the smart entry point into the Bitcoin business sector.
According to the data from coinatmradar.com, you could get to see around 3502 Bitcoin ATMs in operating across the globe till date, the majority of which are located in the United States and Canada (refer above chart).
But what allures in cryptocurrency gamut is that the elimination of the presence of any financial institution during the course of transacting our money, while one doesn’t totally need to rely on the credibility or unnecessary interference of these financial institutions. Decentralization is the central idea and would be the future.
Hence, such a demand is observed as the unique prospect for tech savvies and aspirant entrepreneurs intend to position themselves in the market to have a cutting edge. With that objective, the Bitcoin ATMs foster the latest expediency to the crypto market, by allowing any individual to purchase crypto directly.
Let’s glance at the FxWirePro’s Currency Strength Index: FxWirePro's hourly BTC spot index is at -61 (which is bearish), hourly USD spot index was at a tad below 39.5 (mildly bullish) while articulating at 06:12 GMT. For more details on the index, please refer below weblink: