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Bitcoin: All about its latest ‘high’ as BTC falls below $67K

  • Bitcoin’s transaction volume sat at a two-year high at press time.
  • BTC’s Weighted Sentiment has turned negative.

Bitcoin’s [BTC] daily transaction volume has surged to its highest point since 2022, reflecting an increase in economic activity on the blockchain network.

According to The Block’s data dashboard, the network’s daily on-chain volume assessed on a seven-day moving average totaled $83 billion on the 15th of March.

This represented its single-day highest transaction volume since September 2022.

The bears appear to be cornering the bulls

At press time, BTC exchanged hands at $65,556. In the past 24 hours, the coin’s value has declined by over 5%, per CoinMarketCap’s data.

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