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Bitcoin network tags record high for daily settlement volume

Bitcoin network tags record high for daily settlement volume



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  1. tldr; Bitcoin’s daily settlement value hit an all-time high on October 6, with $31 billion worth of transactions being settled on-chain using the Bitcoin network. The average value of a transaction executed on Bitcoin has been steadily increasing over the past three months to tag $732,000 — an increase of 273% since the beginning of July. On-chain analyst Willy Woo tweeted that volume money moving on Bitcoin currently dwarfs that of major centralized payment networks.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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