The total cost of transactions per day on the bitcoin network has reached a record high of $31 billion. Investor Kevin Rook drew attention to this.
Since the beginning of the year, the indicator has increased 40 times. The expert stressed that these are not trading volumes, but funds moved online.
Analyst Willy Wu noted that the blockchain of the first cryptocurrency processes about $190,000 per second compared to $130,000 from Visa for customers in the US and $55,000 from Mastercard.
According to BitInfoCharts, the average transaction volume has increased sharply since August, reaching a maximum of $1.95 million.
Journalist Colin Wu drew attention to the fact that the share of transactions worth more than $ 10 million reached 70% — this was a record figure.
Recall that on October 6, the price of bitcoin broke the $55,000 mark.
Two days later, the asset tested the $56,000 level. According to JPMorgan analysts, the local rally of the first cryptocurrency was facilitated by the interest of institutions, the growing popularity of the Lightning Network micropayment network, as well as the assurances of the US authorities about the absence of intentions to ban digital assets.
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