Hello dear readers, let this post serve to share information related to the true fact that more than 3,600 Bitcoin ATMs were disconnected in March, which to date has been listed as the largest monthly decline in history.

The truth is that according to information disclosed on the Cointelegraph portal, contradicting Bitcoin's growing global adoption rate, physical ATMs dedicated to fiat-to-crypto conversions are in decline. In March alone, 3,627 ATMs dedicated to cryptocurrencies were removed from the network, bringing the total number of ATMs down to 33,727.

In the decade since the launch of the first Bitcoin ATM on October 29, 2013, the net change of cryptocurrency ATMs installed and withdrawn monthly remained positive most of the time.

This situation implies that the total number of cryptocurrency ATMs worldwide increased steadily. However, the trend is reversing, according to data from Coin ATM Radar.

As shown in the cover image net cryptocurrency ATM installations declined for four months between September 2022 and March 2023. However, with 3,627 cryptocurrency ATMs withdrawn last month, March 2023 stands out as the month with the largest monthly decline.

SOURCES CONSULTED

Cointelegraph More than 3,600 Bitcoin ATMs went offline to record largest monthly decline. Link

OBSERVATION:

The cover image was designed by the author: @lupafilotaxia, incorporating image: Cointelegraph