Milestone: Bitcoin Transaction Count Hits New All-Time High
INTOTHEBLOCK:BTC_TXCOUNT
Bitcoin: The number of transactions for a particular crypto-asset on a given day
Bitcoin hit a new all-time high in daily transactions!
Following the launch of Runes, a new token protocol that allows the launching of tokens/NFTs on Bitcoin, the number of Bitcoin transactions has increased rapidly.
This spike in activity led to a new all-time high in daily transactions on Bitcoin of 927,000. This breaks the previous high of 724k set in December of 2023.
While there is no clear correlation between transaction data and price, higher transactions do mean more on-chain activity, which is generally a positive sign.
Following the launch of Runes, a new token protocol that allows the launching of tokens/NFTs on Bitcoin, the number of Bitcoin transactions has increased rapidly.
This spike in activity led to a new all-time high in daily transactions on Bitcoin of 927,000. This breaks the previous high of 724k set in December of 2023.
While there is no clear correlation between transaction data and price, higher transactions do mean more on-chain activity, which is generally a positive sign.
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