Adjusted on-chain activity on the Bitcoin network exceeded $ 170.57 billion in December. The point reached has been recorded as the second highest summit ever. December also saw an increase of 25.7% compared to November, which was the fourth highest on-chain volume recorded.

 

Bitcoin chain data peaked

The record-breaking monthly volume occurred during the last major bull run, when it reached $ 207.86 billion in December 2017. As of today, this month’s volume is $ 30.3 billion behind this record.

Bitcoin, which has gained 6.38% in the last 24 hours, is trading at $ 28,122 at the time of writing this news. BTC had set a new ATH today, surpassing $ 28,500.

 

BTC price chart

Especially the fact that levels not seen since December 2017 have been reached excites the whole crypto money market. However, the fact that the dominance of the king cryptocurrency has reached extraordinary levels is also interpreted as a sign of danger for the rest of the market. When a possible altcoin season will come, it is eagerly awaited.

Previous articleCould the SEC’s new target be Tether after Ripple?
Next articleHot Development: VanEck reapplies to SEC for Bitcoin ETF!

LEAVE A REPLY

Please enter your comment!
Please enter your name here