Bitcoin‘s average transaction value rose to levels not seen in more than a year, reaching $129k on September 17.
The last time bitcoin’s average transaction value was July 22, 2019. The highest level so far was recorded on August 21, 2019, which saw $812k that day. The increase in the average was due to a large number of transactions on the same day.
When the price of Bitcoin was $20,000 on December 17, 2017, the average transaction value was not that high. It was $ 118k on December 17, 2017, according to data provided by BitInfoCharts. The recent increase in the average level and relatively steady progress at current levels is a sign that activity in the Bitcoin blockchain is steadily and gradually increasing. On the other hand, the number of active Bitcoin addresses also reached its highest level since late 2017. On September 17, the number of active Bitcoin addresses exceeded 976 thousand. When the price of bitcoin hit an all-time high, the average of daily active Bitcoin addresses was close to 1 million.
Bitcoin mining challenge sets record
Another notable development in recent days has been Bitcoin’s record-breaking challenge. Bitcoin mining difficulty reached a new peak today, up 11.3 percent, according to Glassnode data. The increase is also the third-largest positive change in two years on record.
