Bitcoin network activity surges to 2024 highs, with individual transaction values significantly lower
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According to Decrypt, CryptoQuant data shows that Bitcoin network activity has risen to its highest level since 2024, only 7% below the all-time peak in September 2024. The proportion of transactions less than 0.01 BTC and less than 0.001 BTC increased from 44% in 2023 to about 80%. CryptoQuant attributes this to protocol-driven activity, meaning high transaction volumes but low single transaction values.
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