Bitcoin transaction volume skyrockets as the halving approache | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
Bitcoin transaction volume skyrockets as the halving approaches and miners cash in
Bitcoin finally broke above its former all-time high price this past week, breaching $69,000 before mildly retreating. The run-up in price has led transaction volume to skyrocket on the network, and miners are cashing in on the increased activity. According to data from The Block, the seven-day moving average of transaction volume on the Bitcoin network has reached its highest level since September 2022, 18 months ago.
