Bitcoin’s adjusted on-chain volume in October hit its highest level since July 2019
Network data shows that adjusted on-chain transaction activity on the Bitcoin network hit its highest level in October since last summer.
As shown in the chart below, the adjusted on-chain volume reached $92.09 billion — an increase from September’s $77.69 billion.
October’s figure represents the highest level since July 2019, when the adjusted on-chain volume came in at $93.45 billion.
Looking at daily figures, the activity for October rose toward the end of the month — coinciding with the movement of bitcoin’s price in the ranges above $13,000.
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Author: Michael McSweeney