Bitcoin price may have surged and held above $5000, but the Bitcoin network has passed milestones of its own this week – one involving a much higher number.
400 Million Quietly Ticks Over
As Bitcoin price 00 rose rapidly last week, so did network activity, with volume spiking as traders rushed to take advantage of the new volatility.
Afterwards, with a bearish retracement still nowhere to be seen, data from monitoring resource Blockchain.com confirmed that Bitcoin handled its 400 millionth transaction April 8.
The giant figure comes as more and more sources begin believing that the overall bear market, which BTC has languished in since December 2017, may have definitively changed.
Despite continued price suppression for Q1 2019, network data was already showing signs of a major recovery, Bitcoinist reporting on multiple aspects which have improved of their own accord in recent months.
Bitcoin Does Big Numbers
And it’s not just 400 million; other numbers also make for impressive reading including transferring over $3.2…