Re: BTC price exceeds $10,000 on Feb 10th … on-chain and off-chain growth positive
1) On-chain Activity
- [6th February] Bitcoin reaches 500 million transactions (milestone)
- [11st February] 24H Transaction volume $10.9B (+100.67%) & 0.74M new addresses (+7.85%)
- [6th February] Bitcoin reaches 500 million transactions (milestone)
- [11st February] 24H Transaction volume $10.9B (+100.67%) & 0.74M new addresses (+7.85%)
The number of transactions is still below 2019 levels:
The value of tx is nowhere near 10 billion
Actually the peak was at around 5 billion during the 2017 rush when BTC reached 20k.
I don't know what you use to calculate that but I have a feeling you aren't excluding change from the transaction count.