The average value of a single Bitcoin transaction has increased recently, recently reaching over $ 129,000 – the highest level in more than a year. Active addresses remain close to ATH.
Average value of BTC transactions highest in a year
The average value of BTC sent in a single transaction has reached its highest level in over a year. According BitInfoCharts, blockchain data provider, hit a peak of around 129,000 on September 17. dollars.
The last time the average Bitcoin transaction value rose above $ 121,000 in August 2019, one or more large transactions pushed it to over $ 812,000. An interesting anomaly then took place: the average cost of BTC transactions was not so high since the end of 2017, when Bitcoin’s price reached ATH of almost 20,000. dollars.
The recent spike is a sign of sustained, increased activity in the Bitcoin blockchain, however other networks are also making their own records.
A sharp increase in activity
The number of active Bitcoin addresses, i.e. the number of unique addresses sending and receiving transactions each day, is also at its highest level since the end of 2017. Active addresses, since the last week of August, have been making around 850,000 transactions a day.
At the end of 2017, when Bitcoin reached ATH, daily active BTC addresses averaged close to 1 million.
Ethereum-based DeFi applications – decentralized versions of financial services such as loan providers and cryptocurrency-backed interest-bearing products – gained immense popularity in 2020. Bitcoin, however, was not far behind.
Trading BTC futures on some exchanges is hitting record highs, and the number of bitomats installed worldwide has recently exceeded 10,000.
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