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The bitcoin network processed its billionth transaction, while a btc address that had been dormant for a decade transferred more than $44 million worth of today's leading cryptocurrency.
The one about bitcoin billionth transaction took place during block 842,241 at 9:24 pm UTC on May 5, Clark Moody's panel bitcoin.clarkmoody.com/dashboard/”>sample. This is exactly 15 years, 4 months and 4 days since Satoshi Nakamoto mined the network's first block on January 3, 2009.
<img decoding="async" alt="bitcoin Surpasses $68,000 Mark: What Led to the Rally?” src=”https://images.moneycontrol.com/static-mcnews/2021/11/bitcoin-770×433.jpg?impolicy=website&width=770&height=431″/><img decoding="async" src="https://images.moneycontrol.com/static-mcnews/2021/11/bitcoin-770×433.jpg?impolicy=website&width=770&height=431″ alt=”bitcoin Surpasses $68,000 Mark: What Led to the Rally?”/>
bitcoin processed around 178,475 transactions per day since its launch
bitcoin has processed approximately 178,475 transactions per day since its inception. However, this does not include transactions that were facilitated on the Lightning Network.
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twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin has officially processed more than 1 billion transactions. pic.twitter.com/kS704YYoW5
– Evil (@w_s_bitcoin) twitter.com/w_s_bitcoin/status/1787240456197222632?ref_src=twsrc%5Etfw”>May 5, 2024
The prominent Layer 2 protocol processed around 6.6 million transactions in August 2023 alone, according to data from the bitcoin-focused exchange platform. River. This suggests that hundreds of millions of transactions have been processed on the Lightning Network since its launch in early 2018.
There was an increase in the number of daily transactions on the bitcoin network during the fourth halving event on April 20. Token holders also remained active on the blockchain after the historic event, with a btc&category=&m=transactions.Count&mAvg=0&mMedian=0&s=1676297977&u=1714003200&zoom=”>record of 926,000 transactions processed on April 23.
Sleeping btc Whales Wake Up and Transfer Millions of Dollars in bitcoin
Dormant btc whales have come to life in recent weeks. Earlier today, a wallet that had been dormant for over a decade transferred all of its holdings of 687.33 Bitcoins. This address had received the btc when the cryptocurrency was trading for $917 on January 12, 2014, according to on-chain tracking platform Lookonchain.
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A wallet that has been inactive for 10.3 years transferred the 687.33 twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc($43.94 million) 10 minutes ago.
The whale received 687.33 twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc($630K at the time) on January 12, 2014, when the price was $917.
Address: 15WZNLACuvcDrrBL2btDErJggnaMQtHh5G pic.twitter.com/tEPqM0CrrK
— Lookonchain (@lookonchain) twitter.com/lookonchain/status/1787338123154006161?ref_src=twsrc%5Etfw”>May 6, 2024
Another wallet that had not transacted since 2019 moved $6 billion in the leading cryptocurrency in March of this year. This comes after 50,000 idle btc were moved less than a week before several spot announcements were approved in January. bitcoin ETFs (exchange-traded funds) in the United States.
Meanwhile, btc bitcoin/”>administered to rise more than 1% in the last 24 hours to trade at $64,553.72 at 4:15 am EST. With this latest gain, btc's weekly performance moved deeper into the green zone. As a result, the price of the cryptocurrency rose more than 3% over the past week.
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