This Bitcoin [BTC] system finally bears the brunt of the ongoing crypto blizzard

The installation of Bitcoin [BTC] ATMs across the globe has been on the rise since 2017. The bull run for the same finally seems to have come to an end in September 2022. The number of installations finally took a hit last month amid the ongoing crypto winter. A worldly issue at hand… According to data […]

The bull run for the same finally seems to have come to an end in September 2022. The number of installations finally took a hit last month amid the ongoing crypto winter.from Coin ATM Radar, at the beginning of 2017, there were almost a thousand Bitcoin ATMs worldwide. Furthermore, about half of these ATMs were present in the United States. However, the latest figures showed that the number dropped to a whopping 38,195.

Although that number has since recovered to 38,185, the downtrend in the chart can be a cause for concern, given that the past performance has been denoted by a continuous uptrend that went on for the better part of five years.for majority of the ATMs, with more than 87% present in the country. However, with the beginning of August, the number of ATMs in the U.S. plummeted to 33,235. The figure, as of October, slightly increased to 33,385.

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