Bitcoin (BTC) Transactions, Rallying Towards The 2017 Bull Run Highs

2019 kicked off in full force for the crypto space. Prices have finally started to move and more expert voices have called it quits regarding the bearish market.

For instance, Tron’s Justin Sun said that the crypto market has eventually come to an end and Bitcoin reached a bottom. This means that things will start to look better soon.

Not to mention, the various moves that are taking place in the crypto space leading the digital assets on the right path towards mass adoption.

The latest news involving Bitcoin is also extremely bullish.

BTC transactions rise

It seems that the total monthly Bitcoin (BTC) transactions have reportedly exceeded the levels set in January 2018, and they seem to be back on track to record an all-time high.

Cryptoglobe writes that “total BTC transaction volume has increased by about 34% since the beginning of this year (January 1st, 2019). Significantly, there have been more than 350,000 (on average) bitcoin transactions that have been processed each day – so far this year.”

Back on January 1st, 2019 there have been 234,725 BTC transactions recorded, and the number has been increasing.

Getting closer to the all-time high number of Bitcoin transactions

Back in December 2017 during the historic crypto bull run, the BTC network saw 490,000 daily transactions. If you recall, back then the BTC price reached almost $20k.

Now, besides the massive increase in BTC transaction volume, there has also been a 700% increase in the BTC adoption rate in the past six years.

The most recent statistics also report that 10% of online shoppers have paid with crypto.

Speaking of bull runs, it was predicted that BTC could head to the moon when the next one comes.

Cryptopotato just mentioned a new historical report that suggests the fact that BTC’s price can hit $102,000.

Also, this is far from being the only bullish prediction regarding the price of Bitcoin.

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