Net Bitcoin ATMs record an increase after 4 months of global downtrend By Cointelegraph

Tech wreck temporary as earnings season, Fed cuts will spur rebound, Wedbush says

Net Bitcoin ATMs record an increase after 4 months of global downtrend

Published Jun 03, 2023 12:12AM ET Updated Jun 03, 2023 02:00AM ET

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Net Bitcoin ATMs record an increase after 4 months of global downtrend

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Breaking the year-long trend of declining Bitcoin (BTC) and crypto ATMs across the globe, May recorded a steep increase in net installations with nearly 1,400 machines.

The total number of crypto ATMs witnessed a consistent decline for the first four months of 2023. During the timeframe, while major economies including the United States and Europe contributed to the dwindling numbers, Australia, Poland and Spain amped up crypto ATM installations in their respective regions.

A histogram chart showing net change of cryptocurrency machines number installed and removed monthly. Source: Coin ATM Radar

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