RATE Group | Bitcoin Network Is Moving $3 Billion Daily, Up 210% Since April
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Bitcoin Network Is Moving $3 Billion Daily, Up 210% Since April

17 Jul Bitcoin Network Is Moving $3 Billion Daily, Up 210% Since April

Posted at 10:09h in Bitcoin News by

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Bitcoin’s average transaction volume is topping $3 billion per day, data from crypto analytics site Coinmetrics.io reveals as of July 16.

Bitcoin’s Uptrend in Daily Transaction Value Eclipsing Altcoins’

The data — which has been adjusted to remove noise and certain artifacts, per Coinmetrics — shows an impressive uptrend in the USD value for the volume of the coin’s transactions and transfers over the past 90 days.

On April 17, the average daily value was at $1.04 billion as compared with $3.22 billion on July 16, an almost 210% increase.

The top coin has seen a significantly higher spike in volume as compared with ether (ETH), which saw a 77% increase over the same time period — from a daily average of $370 million to $657 million. XRP has seen a still milder uptrend, at 61% — with the value of daily transactions climbing from $152.5 million in mid-April to $245.6 in mid-July.

3-month chart for BTC  transactions, transfers, value, adjusted, in USD

3-month chart for BTC  transactions, transfers, value, adjusted, in USD. Source:

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