FreeCryptoCurrency.Me

Free stocks and money too!

Bitcoin’s adjusted on-chain volume in October hit its highest level since July 2019

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.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Go to Source
Author: Michael McSweeney


Follow by Email
Facebook20
Pinterest20
fb-share-icon
LinkedIn20
Share