Bitcoin confirmed transactions per day approach 2017 highs, is the crypto market recovering?120

Bitcoin (BTC), the world’s largest cryptocurrency by market cap, has experienced a steady increase in its market valuation since the low of Dec. 17, 2018 which may be correlated to the strong growth in the number of confirmed transactions on its blockchain—reaching levels not seen since the peak of the market in 2017.

Since the beginning of the year, BTC’s daily confirmed transactions have been skyrocketing. Just this month, they surpassed the benchmark of 400,000 transactions per day, on several different occasions. What is important about this statistic is that during the 2017 bull market when bitcoin was trading at around $20,000, the number of confirmed transactions per day peaked at 490,644 transactions.

Original source

Add comment

Please Sign in to be able to leave comments.