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Bitcoin Network Activity Hits 2024 High Levels: CryptoQuant

Bitcoin network activity has surged to its highest level since 2024, with daily transactions topping 800,000, but CryptoQuant says the increase is being driven largely by low-value protocol activity such as Ordinals, Runes and BRC-20 transactions rather than economic demand.

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bitcoinmagazine.com

coindesk.com

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bitcoinmagazine.comStai leggendo1 mese fa

Bitcoin Network Activity Hits 2024 High Levels: CryptoQuant

Bitcoin network activity hit 2024 highs (800k tx/day), but 80% from low-value protocols (Ordinals, BRC-20), not demand. Mempool congestion risks fee spikes; Bitcoin -17% in 30 days shows volume decouples from economic fundamentals.

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decrypt.co1 mese fa

Bitcoin Network Activity Is Rising as BTC Falls Nearly 50% Below Peak Price: CryptoQuant - Decrypt

Bitcoin network activity hit late-2024 peaks as BTC fell 17% in 30 days; 80% of transactions are now micro-payments below 0.01 BTC. Protocol-driven surge in NFT minting and timestamping via OP_RETURN signals ecosystem maturation toward infrastructure utility over speculation.

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Bitcoin Network Activity Hits 2024 High Levels: CryptoQuant

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Bitcoin Network Activity Hits 2024 High Levels: CryptoQuant

Bitcoin Network Activity Is Rising as BTC Falls Nearly 50% Below Peak Price: CryptoQuant - Decrypt

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Bitcoin Network Activity Is Rising as BTC Falls Nearly 50% Below Peak Price: CryptoQuant - Decrypt

Bitcoin Network Activity Hits 2024 High Levels: CryptoQuant

Bitcoin records highest transaction count in two years, driven by Runes protocol

Bitcoin records highest transaction count in two years, driven by Runes protocol