Bitcoin’s daily transaction chart showed that it reached its all-time high. The daily transaction volume of Bitcoin [averaged monthly] reached 366,767.4 txns in April 2019.
The last time daily transactions [averaged monthly] peaked so much was in December 2017, i.e., 360,981.87 txns. This is another development that highlights the wider use of Bitcoin on a daily basis and provides a clear idea about the adoption of Bitcoin.
Kevin Rooke, a Twitter user and a Bitcoin/crypto enthusiast posted the finding, stating,
Daily Bitcoin transactions just broke an all-time high in April, and tx fees were 86% lower this time around.
TX fees: 616 BTC/day
TX fees: 89 BTC/day pic.twitter.com/OES3mEZZuh
— Kevin Rooke (@kerooke) May 1, 2019
Further, according to the Diar report, Bitcoin’s on-chain transaction volume also saw improvements. According to the report, Bitcoin’s on-chain USD volumes reached 132.6 billion, which was last seen in June 2018, taking the current one to a 10-month high.
Additionally, the sentiment revolving Bitcoin turned bullish recently due to the Golden Crossover. However, the sentiment pulled a 180 degree turn after the Bitfinex and Tether lawsuit by the NY Attorney General came to light.
A Twitter user, @BobbyGiggz, commented,
“These miners have nothing to complain about. There’s plenty of income from tx fees, to make mining sustainable for the future. GTFOH”
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