#BitcoinHashRateSurge Bitcoin Network Increases Volume in 2024

At the time of writing, Bitcoin’s market capitalization was approximately $1.9 trillion. In 2021, when the cryptocurrency market was booming, Bitcoin transaction volume peaked at $47 trillion. It fell sharply during the recession years, but it rebounded in 2024, then reached over $19 trillion in transactions in 2024. This is more than double the $8.7 trillion paid in 2023, and reversed a downward trend that had been established since late 2021. .