{"id":159228,"date":"2023-09-20T13:04:59","date_gmt":"2023-09-20T07:34:59","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=159228"},"modified":"2023-09-20T13:04:59","modified_gmt":"2023-09-20T07:34:59","slug":"bitcoin-logs-unprecedented-703000-transactions-in-single-day-data-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-logs-unprecedented-703000-transactions-in-single-day-data-crypto-news\/","title":{"rendered":"Bitcoin Logs Unprecedented 703,000 Transactions in Single Day: Data &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Bitcoin witnessed an extraordinary surge in transaction volume in the past week, coinciding with a mild increase in its price, which broke away from a constrained trajectory.<\/p>\n<p>According to recent data by IntoTheBlock, the number of reported transactions for Bitcoin rose to nearly 703,000, representing the largest number recorded not just in 2023 but also the highest transaction volume witnessed in nearly two years.<\/p>\n<ul>\n<li>Notably, the surge in transactions came amidst Bitcoin reaching the $27,000 price level this week.<\/li>\n<\/ul>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Historic Milestone: Bitcoin processed a record-breaking 703K transactions on Friday.<br \/>\ud83d\udd17<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/n7lvDvAgct\" data-wpel-link=\"external\">https:\/\/t.co\/n7lvDvAgct<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/TTw7zI1AAE\" data-wpel-link=\"external\">pic.twitter.com\/TTw7zI1AAE<\/a><\/p>\n<p>\u2014 IntoTheBlock (@intotheblock) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intotheblock\/status\/1703711791262404804?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">September 18, 2023<\/a><\/p>\n<\/blockquote>\n<ul>\n<li>Interestingly, the network also witnessed a surge in terms of daily active addresses. Data from Bitinforcharts <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitinfocharts.com\/comparison\/bitcoin-activeaddresses.html#3y\" data-wpel-link=\"external\">revealed<\/a> that the daily active addresses hit a multi-month high, rising from 754,000 two years ago to a whopping 1.08 million on September 15th.<\/li>\n<li>Interestingly, Ethereum briefly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/ethereum-surpasses-bitcoin-with-over-1-million-daily-active-addresses\/\" data-wpel-link=\"internal\">surpassed<\/a> Bitcoin in terms of daily active addresses a day prior.<\/li>\n<li>Despite this increase in on-chain activity, Bitcoin\u2019s trading volume has maintained a relatively consistent level.<\/li>\n<li>Such a trend observation could potentially indicate that the heightened on-chain activities may not have translated into substantial trading actions.<\/li>\n<li>Furthermore, the growing outflow of BTC from exchanges indicates a rising trend of holding and potentially making long-term investments in Bitcoin in the market over this period, as shown in the chart above.<\/li>\n<li>However, the mild price appreciation could imply a much-needed <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/the-most-recent-bitcoin-price-predictions\/\" data-wpel-link=\"internal\">bullish revival<\/a> for the flagship crypto, which is anticipating its halving event sometime mid-next year.<\/li>\n<\/ul>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0;clear: both\">\n<div><span style=\"font-size:11px;color: gray\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>).<\/p>\n<p><b>PrimeXBT Special Offer: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" data-wpel-link=\"internal\">Use this link<\/a> to register &amp; enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin witnessed an extraordinary surge in transaction volume in the past week, coinciding with a mild increase in its price, which broke away from a constrained trajectory. According to recent data by IntoTheBlock, the number of reported transactions for Bitcoin rose to nearly 703,000, representing the largest number recorded not just in 2023 but also [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":29497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-159228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=159228"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159228\/revisions"}],"predecessor-version":[{"id":159230,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159228\/revisions\/159230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/29497"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=159228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=159228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=159228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}