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via Bitcoin Magazine · By Bitcoin Magazine Editorial

Bitcoin Network Activity Hits 2024 High Levels: CryptoQuant

BTC

BTC/USDT

$63,008.47

-1.93%

$63,008.47

-1.93%

(24s)

24h Volume

$18,061,610,005.96

24h H/L

$65,622.83 / $62,568.90

Change: $3,053.93 (4.88%)

Long/Short

66.7%

Long: 66.7%Short: 33.3%

Funding Rate

+0.0007%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,043.45

▼ -1.53%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$65,694.34

Resistance 1$63,976.31

Price$63,043.45

Support 1$62,294.26

Support 2$60,996.14

Support 3$59,130.91

Pivot (PP):$63,295.91

Trend:Downtrend

RSI (14):38.2

Bitcoin Magazine Editorial

(04:42 PM UTC)

1 min read

Approved bySarah Chen

1468 views

0 comments

Bitcoin network activity has surged to its highest level since 2024, with daily transactions topping 800,000, but CryptoQuant says the increase is being driven largely by low-value protocol activity such as Ordinals, Runes and BRC-20 transactions rather than economic demand.

Bitcoin’s onchain transaction count has climbed to its strongest level of 2026, a near-record pace not seen since late…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Bitcoin Magazine Editorial · Bitcoin Magazine

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