Over 50% of Bitcoin trades are fake.

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More than half of daily bitcoin trade volumes may be fabricated, which comes as the value of the most precious cryptocurrency falls amid global economic turmoil.

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At least half of the alleged trade activity on 157 crypto exchanges and trading platforms is likely false or non-economic, according to Forbes.

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"On June 14, our best estimates suggest that the daily volume of bitcoin transactions hit 128 billion dollars.

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That's 51% less than combining all self-reported volume from multiple sources, which would be $262 billion "according to the study."

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Bitcoin accounts for forty percent of the overall value of the cryptocurrency market, which is now valued at one trillion dollars.

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Even among the industry's most recognized research organizations, there is no precise way to assess daily bitcoin transactions, according to the study.

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According to the article, "for instance, CoinMarketCap estimates the current 24-hour transaction of bitcoin at $32 billion,"

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Although "CoinGecko" puts it at $27 billion, "Nomics" puts it at $57 billion, and "Messari" puts it at $5 billion.

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