Bitcoin Daily Trading Hits New Record High!

One of the major talking points this year is the Bitcoin halving that was completed three days ago. Also earlier this year, another discussion that sparked criticism was the Spot Bitcoin ETF, which was approved earlier this year in early January. Now another new record has been created which has broken the previous record. Bitcoin has set a new record in terms of transactions and has broken the previous transaction volume to reach new highs. Bitcoin (BTC) has collected more than 926,000 daily transactions over the past three days. And this record surpasses the previous high of more than 731,000 transactions in December 2023.

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But here is another thing to note that despite the new records of Bitcoin transactions, the price of Bitcoin has not increased that much. Bitcoin's trading volume has broken all previous records, but the rate at which Bitcoin's price is expected to rise is currently on a downward trend. If we look closely we can see that it has been in a downward trend for the past few days with the price trading around $62,000 from above $64,000. And this new transaction record was achieved just three days after the Bitcoin halving.

We know that Bitcoin network is the most decentralized, secure and powerful network. And also it can be said that Bitcoin is a digital coin which is the root of all coins and the first digital currency. And also one of the most popular coins is Bitcoin. And the reason why this digital currency is the most popular is its security and it is becoming popular day by day. Moreover, this year due to bitcoin halving and spot bitcoin ETFs it has become more popular. However, despite record transaction counts in recent times, Bitcoin's price remains just above the $64,000 mark. We have seen Bitcoin price breaking all previous records to new highs in the past and since then we have seen a downward trend in the Bitcoin price although from there the Bitcoin price has gone up a bit but again a downward trend in the Bitcoin price. However, the world's first cryptocurrency is currently down more than 9% on the monthly chart.

However, there are many more reasons behind the increase in Bitcoin transactions. One of the reasons is the Bitcoin halving. Because the price of Bitcoin is expected to increase a lot around this time. Because it is expected that this year or next year, the price of Bitcoin may exceed 180 thousand dollars or 1.5 million dollars based on this Bitcoin halving. If we look at the time of the last bitcoin halving we will see that the price of bitcoin increased by 7 times from the time of the last bitcoin halving to 2022. If the price of this Bitcoin triples from the current price according to the last Bitcoin Halve, then we can easily see the price of Bitcoin at $180,000. And that's why there's so much buzz about Bitcoin among investors and that's why many people are trading Bitcoin. So it is not unusual to create bitcoin transaction records around this time.