Bitcoin’s Record 1B Transaction: A Potential Catalyst for BTC’s Market Momentum?

• Bitcoin recently achieved a significant milestone of 1 billion transactions, despite a decrease in volume compared to March’s peak.
• While the daily transaction count has seen a steady uptrend, active addresses and volume have declined over the past month.
• The movement of holdings from a 10-year-old dormant BTC wallet has sparked interest in the crypto community.

Bitcoin’s transaction count hits 1 billion, but volume sees a downturn. Despite the decrease in volume, the steady uptrend in daily transactions and the movement of a dormant BTC wallet could signal a potential bull run.

Bitcoin’s Transaction Count Surges

Bitcoin recently achieved the impressive milestone of 1 billion transactions. Its total all-time transaction count stood at 1,000,803,494 at press time. Despite the price being back above the $62k mark, it lacked a strong short-term trend. However, the past two months saw a large buying spree from BTC whales, which sets up the idea of a strong bull run. The network security was also firm.

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