BTC transactions are at record breaking highs, hitting 500M this week, & 368k on Feb 5th, 2020

posted 8 months ago
Pioneering cryptocurrency Bitcoin reached 500 million transactions this week, after having reached the 250 million tx milestone in year 2017. Also, daily transactions are hitting levels not seen in months. Now, with a dual-month rally under its belt, Bitcoin has succeeded in writing off almost half of its 2019 losses. Bitcoin managed to surpass 368,604 daily transactions on February 5th.

Although this wasn't the highest number of daily transactions ever, it's still indicative of market adoption. A record-breaking daily tx was recorded back in May 2019, when the network reached an all-time high of 452,646. It's worth noting, Bitcoin network transactions reached 250 million in 2017.
Tags: bitcoin, blockchain, news