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Breaking Crypto News Flash: Bitcoin: new transaction record
Bitcoin is recovering this week and moving back above $29,000. Chain transactions are close to a new record, surpassing December 2017. A warning might be the monthly candlestick close.
Bitcoin continues to trade below the major resistance at $32,000 to $32500, which we have pointed out several times, already over the past few months.
Bitcoin is rising again this week
Last week was the worst in the first four months and was down -8.80%. It should be noted that April is a mixed month for BTC with bullish and bearish moves.
As of today, on a monthly basis, it is showing a slight increase of 3.16%, which contributes to a +77% increase from the beginning of the year. However, this figure is only the second in the top 20 in terms of coin market capitalization, as Solana is up 125% since the beginning of the year.
Intra-chain bitcoin transactions return to all-time highs
If we turn to an assessment of Bitcoin's on-chain transaction data, we can see that they continue to stay in tone. In the attached image provided by Intotheblock, we can see that the number of daily bitcoin transactions is on track to reach the highs reached in December 2017.
Looking at daily transactions since the beginning of January 2023, we note that today they have more than doubled, increasing from 187,520 to 396,520, thus approaching an all-time high.
