Bitcoin Records Same Number of Confirmed Transactions as During 2017 Bull Run. Brighter Days Ahead?

2019-4-25 00:50

The year 2019 has already been proven to be a promising year from Bitcoin and other cryptocurrencies as well since it determines the market conditions. However, more information is emerging that may serve as confirmation of this fact.

Longhash, the Singapore-based crypto information site reported that the number of confirmed Bitcoin transactions so far has reached the number during the 2017 bull run. Although it is not always the case, a rise in the number of confirmed transactions has been known to result in a price rise for cryptocurrencies according to Longhash.

The number of transactions for Bitcoin has severally surpassed 400,000 since the start of April, a number that has not been reached since the one that resulted in the 2017 bull run.

This is a good sign for Bitcoin and also an indication of a rising interest in Bitcoin which will most likely cause the price to rise. According to Longhash, Bitcoin may soon be reaching the all-time high record.

“While the current daily transaction level has yet to break the all-time record, which is just above 490,000 transactions, it’s not far off. If Bitcoin’s price continues to climb, we could see a new record for confirmed transactions sometime in the next several months.”

Many experts have repeatedly guaranteed a bull run for Bitcoin this year using many metrics including Fundstrat’s Bitcoin Misery index which Tom Lee says suggests a bull run for the asset within the year. Others are the market trends preceding the 2017 bull run which are being replicated in the year 2019.

Although there are a few skeptics out there, most important voices in the cryptocurrency space see a bright future for Bitcoin and the number of confirmed transactions is just another pointer to that fact.

As the days go by, we can expect Bitcoin to reach the all-time high number of confirmed transactions at 490,000 as interest in cryptocurrency continues to rise, and who knows where we will go from there? For now, the next interesting destination for Bitcoin is $6,000. When are we getting there?

The post Bitcoin Records Same Number of Confirmed Transactions as During 2017 Bull Run. Brighter Days Ahead? appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95908.41 (-0.99%)
Объем 24H $98.381b
Изменеия 24h: 1.13 %, 7d: 7.75 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1897.592b Rank 1
Цена в час новости $ 5284.42 (1714.93%)

bitcoin transactions confirmed number information year ahead

Источник: zycrypto.com

bitcoin transactions → Результатов: 126


Research: Bitcoin Inscriptions might have run their course

Bitcoin Ordinal Inscriptions, digital assets akin to NFTs inscribed on a satoshi, have been flooding the Bitcoin network with transactions, pushing it to an all-time high. While miners enjoy record-breaking profits from the fees generated, a surprising negative correlation has emerged between the number of transactions and active addresses.

2023-5-11 15:00


Slow but steady wins the race: Coinbase to add batched Bitcoin transactions

The recent spike in bitcoin prices and the skyrocketing number of daily outputs has had a direct impact on the transaction fees and the congestion of the mempool. Despite the different solutions that have been implemented to address these issues, some of the most important cryptocurrency exchanges in the industry have failed to implement them.

2019-6-8 11:10


Bitcoin Blocks Are Close To Becoming Full Once Again Per Latest Industry Research Report

Bitcoin Blocks Are Close To Becoming Full Once Again Bitcoin (BTC) blocks seem to be reaching a limit, leading to an increase in the fees that miners take for processing transactions. Since April 2018, the number of transactions in the Bitcoin network has been growing, reaching 452,000 transactions in just a single day a few […]

2019-5-7 21:47


Фото:

Bitcoin hits massive milestone with its 400,000,000th transaction

Bitcoin has reached a milestone! The blockchain powering the world’s most popular cryptocurrency officially processed its 400,000,000th transaction overnight. That’s right. Check the records – at pixel time, there have been at least 400,251,742 transactions sent via Bitcoin‘s independent, censorship-resistant, peer-to-peer electronic cash system.

2019-4-9 12:19


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto fear and greed rises as investors turn to Vantard

Crypto investors are increasingly greedy as Bitcoin and other meme coins continue their strong bull run. The crypto fear and greed index moved to the extreme greed zone of 85, a trend that could continue in the coming weeks.