Categories: analysisBitcoin NewscryptoCrypto Analysis

Bitcoin (BTC) Continues Downtrend Despite Daily Transactions Nearing All-Time High

While Bitcoin (BTC) has continued a downtrend, the asset has recently recorded a high volume in daily transactions nearing its all-time high. According to a report by on-chain analytics provider Glassnode, “Bitcoin daily transaction counts are approaching All-time-highs, seeing an explosive uptick in 2023.’ Regardless of this news, Bitcoin has continued to move downward after its weekend plateau of trading at just between $29,300. The asset trading volume has also surged slightly indicating a possible violent sell-off. Bitcoin Records Daily Transactions Nearing Peak Levels According to Glassnode, on the 30-day moving average, Bitcoin daily transactions have reached an amount of

Bitcoin On-Chain Transactions Reach New Heights, What’s Fueling the Surge?

The number of daily Bitcoin (BTC) transactions on the blockchain has risen, reaching an all-time high of 682,000 on May 1st. Rafael Schultze-Kraft, one of the founders of Glassnode, has suggested that this increase in transaction volume is likely due to a combination of factors. Bitcoin Transactions Skyrocket Rafael argues…

May 5, 2023

In "analysis"

Bitcoin Bottom Building as ETF Demand Slowly Returns: Glassnode

July 8, 2026

In "Bitcoin News"

Analyst Who Found Previous Bitcoin Lows and Glassnode Offers New Low Interpretation! Two Levels Identified for the Bottom!

Bitcoin briefly fell below $60,000 due to outflows from US spot ETFs, a more hawkish Fed, and a stronger dollar. While the decline is raising concerns that it could turn into a prolonged bear market, some analysts suggest that the bottom may be near. At this point, Glassnode noted that…

June 25, 2026

In "blockchain"

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Bitcoin (BTC) Continues Downtrend Despite Daily Transactions Nearing All-Time High

Related

Bitcoin On-Chain Transactions Reach New Heights, What’s Fueling the Surge?

Bitcoin Bottom Building as ETF Demand Slowly Returns: Glassnode

Analyst Who Found Previous Bitcoin Lows and Glassnode Offers New Low Interpretation! Two Levels Identified for the Bottom!

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