Bitcoin Transfer Volume At All-Time Highs
Bitcoin network transfer volume is sustained $15 billion transferred on the network per day throughout October.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.The transfer volume on the Bitcoin network can help gauge the current level of network activity and provide a better understanding of how much value the network is moving in BTC and USD denominations. To measure total transfer volume, we use Glassnode’s....
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22% of the entire Bitcoin supply was transacted in 24 hours as the price broke through $12,000. As Bitcoin's (BTC) price broke through resistance at $12,000, its on-chain transfer volume exceeded 4 million and set a 14-month record high.Source: Glassnode.Unlike exchange volume, on-chain metrics cannot be easily faked or manipulated. To put this in perspective, the total current supply of Bitcoin is 18.5 million. This means that in 24 hours, users transacted 22% of Bitcoin's total current supply. Source: Glassnode.If we examine the 30-day average for this metric, we discover that September....
The recent highs struck by the Bitcoin price goes hand-in-hand with the largest ever amounts of the cryptocurrency traded. The price of Bitcoin has been on a wild surge lately and recently struck a year-high of $502 on November 4th before the unpredictability saw prices take a dip this past week to a price of $363.88 at the time of publishing. While Bitcoin pricing remains indecisive, it's significant to note that Bitcoin trading volume reached record highs in a period that saw the largest volume of bitcoins traded. Ever. The Numbers. As Bitcoin price surged to reach a then-year-high and a....
Data shows the Bitcoin spot trading volume has surged up recently and is now approaching one-year highs as volatility in the market continues. Bitcoin Weekly Trading Volume Jumps Up To Almost $8 Billion According to the latest weekly report from Arcane Research, the spot volume has continued to go up since the crash. The “trading […]
Data shows the Bitcoin trading volume has remained near one-year highs recently as activity on Binance stays elevated following the fee removal. Bitcoin 7-Day Average Trading Volume Has Kept At High Values In Recent Weeks As per the latest weekly report from Arcane Research, around 80% of the latest activity on the BTC network is […]
But the change-adjusted volume transfer of the network in dollar terms shows just how effectively bitcoin is scaling.