While bitcoin’s price stagnated below a key resistance level, the blockchain achieved a notable milestone before the end of the month.
On May 28th, transactions on the Bitcoin network surpassed $25 billion in estimated value, representing the highest level in US dollar terms over the past year. Despite facing hurdles in breaching the crucial resistance, this significant spike in transaction value highlighted the continued growth of its network activity and adoption.
Record Day for Bitcoin
Blockchain.com data shows that approximately 367,000 BTC were transferred on that day, the largest amount since June 13, 2022, when more than 519,000 BTC were moved.
Although the amount of Bitcoin moved on May 28 was less than the previous peak, the price of the world’s largest digital asset above $69,000 led to a significant total transaction value of $25.5 billion.
Despite this peak in transaction value, the actual number of transactions remained fairly typical, hovering close to 597k.
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We współpracy z: https://cryptopotato.com/bitcoin-transactions-hit-yearly-high-over-25-billion-transferred/
