Bitcoin Network Records Transactions Worth $3.5 Billion In The Previous 24 Hours

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Bitcoin transactions reached a new height of $3.5 billion yesterday.
  • The Blockchain network of the Bitcoin is also seeing a rise in the number of users and traders.
  • The market capitalization observed at $36 Billion with the circulating supply of 18,202,362 BTC.

As seen last in the year 2017, Bitcoin transactions reached a new height of $3.5 billion yesterday. Mati Greenspan, a renowned Bitcoin analyst, showed the number of activation of Bitcoin holders.

This activity of burst of Bitcoin holders on the network is seen on everyday rise said the analyst. But the jump of the Bitcoin in the last day was seen as more aggressive and recording. The Blockchain network of the Bitcoin is also seeing a rise in the number of users and traders.

Those who are transacting Bitcoin regularly and the numbers are increasing every day. Alongside reaching the $9,440 mark, the market capitalization of Bitcoin also reached new heights to $171.996 Billion.

The increase in the number of transactions per day is directly showcasing that the Cryptocurrency realm, especially the Bitcoin is rising in popularity, and there are more active users engaging in buying the Bitcoin or adopting it individually.

At the time when Bitcoin reached its maximum height of $20,000, the active transactions per day reached and exceeded $ 5 Billion.

The scale of application of solutions as SegWit and Lightning Network was seen to be much lower than now. As a result, the operations regarding the same criteria have become slower.

It can be made clear that as the transactions have reached a new momentum, the market price of the Bitcoin has also increased to $9,611.04 from yesterday, that is it has gained about 4.68% adding $430.01 from yesterday’s trade.

It also recorded a trading volume of $35,222,060,874 alongside its bullish gain. The ROI (Return on investment) has reached 7000.2 % due to this exponential growth. The market capitalization observed at $36 Billion with the circulating supply of 18,202,362 BTC.

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