![Bitcoin [btc] records all-time high daily transaction volumes with lower fees](https://ohiobitcoin.com/storage/2019/05/R32dTQ.jpg "Bitcoin [btc] records all-time high daily transaction volumes with lower fees")
![Bitcoin [btc] records all-time high daily transaction volumes with lower fees](http://ohiobitcoin.com/storage/2019/05/R32dTQ.jpg "Bitcoin [btc] records all-time high daily transaction volumes with lower fees")
bitcoin’s daily transaction chart showed that it reached its all-time high. The daily transaction volume of bitcoin [averaged monthly] reached 366,767.4 txns in April 2019.
The last time daily transactions [averaged monthly] peaked so much was in December 2017, i.e., 360,981.87 txns. This is another development that highlights the wider use of bitcoin on a daily basis and provides a clear idea about the adoption of bitcoin.
Kevin Rooke, a Twitter user and a bitcoin/crypto enthusiast posted the finding, stating,
Daily bitcoin transactions just broke an all-time high in April, and tx fees were 86% lower this time around.
Dec 2017
TXs: 360k/day
TX fees: 616 BTC/day
Apr 2019
TXs: 366k/day
TX fees: 89 BTC/day— Kevin Rooke (@kerooke)
Further, according to the Diar report, bitcoin’s on-chain transaction volume also saw improvements. According to the report, bitcoin’s on-chain USD volumes reached 132.6 billion, which was last seen in June 2018, taking the current one to a 10-month high.
Additionally, the sentiment revolving bitcoin turned bullish recently due to the Golden Crossover. However, the sentiment pulled a 180 degree turn after the Bitfinex and Tether lawsuit by the NY Attorney General came to light.
A Twitter user, @BobbyGiggz, commented,
“These miners have nothing to complain about. There’s plenty of income from tx fees, to make mining sustainable for the future. GTFOH”
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Published at Thu, 02 May 2019 06:06:37 +0000
