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- Today, Bitcoin’s price rising above $27,000 is leading to a resurgence in positive sentiment and pushing its market value above $525 billion.
- Data analytics firm IntoTheBlock shared a significant record on the Bitcoin network with COINOTAG, along with a chart showing the increase in network activity.
- IntoTheBlock also reported, in an update shared today, a comparison of Bitcoin transactions in the East and West, indicating that the West has a higher share.
Bitcoin transactions on the network are reaching a new record, signaling a revival in network activity: Rising Bitcoin prices are energizing the market!
Bitcoin Transactions Are Seeing a Significant Increase
Today, Bitcoin’s price rising above $27,000 is leading to a resurgence in positive sentiment and pushing its market value above $525 billion. Additionally, Bitcoin’s trading volume has increased by 50% in the last 24 hours, surpassing $9.7 billion. Bitcoin’s price has risen to $27,150 and is currently trading at $27,133.
In addition to these positive developments, data analytics firm IntoTheBlock shared a significant record on the Bitcoin network with COINOTAG, along with a chart showing the increase in network activity. According to the data, there were 703,000 transactions on the Bitcoin network on Friday, September 15th, marking a new daily record, according to IntoTheBlock.
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This significant record on Bitcoin indicates an increase in network activity and suggests that investors are continuing to transact despite low volatility. The previous day saw a total of 611,000 transactions.
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Western Transactions on the Rise
IntoTheBlock also compared Bitcoin transactions in the East and West in an update shared today, reporting that the West has a higher share. IntoTheBlock stated:
“There has been a significant shift in Bitcoin transaction patterns recently, with the dominance of Eastern time zones on the rise. This is quite significant considering that, on average, the West has a higher share of BTC transactions. Interestingly, the rise in the East is most pronounced on days when transaction totals are lower.”
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