Bitcoin marks a historic one-billionth transaction in block 842,241, showing steady 15-year growth.
Bitcoin price jumps to $63,965, up 3% in the past week.
The Bitcoin network has hit a monumental milestone, processing its one billionth transactions. This historic event took place as transaction 1,000,000,000 was mined into block 842,241 on May 5, as per data from Clark Moody’s Bitcoin dashboard.
Bitcoin Network Transaction (Source: Clark Moody )
Since Satoshi Nakamoto mined the network’s first block on January 3, 2009, Bitcoin has seen an average of 178,475 daily transactions over its 5,603-day journey, excluding those facilitated by the Lightning Network.
The steady growth of Bitcoin is evident in the statistics with the daily transactions surging notably around Bitcoin’s fourth halving event on April 20, peaking at a record high of 926,000 transactions processed on April 23. A considerable portion of this heightened activity stemmed from the introduction of the Runes protocol, a novel Bitcoin token standard, initiated at block 840,000.
Further, the approval of spot Bitcoin ETFs in Hong Kong has injected more optimism into the Bitcoin ecosystem, signaling growing institutional acceptance and adoption.
At the time of writing, Bitcoin price stands at $63,965, reflecting a notable 3% increase over the past week. This surge underscores the continued interest and confidence in Bitcoin as a store of value and investment vehicle in the evolving digital economy.