In a review by the Block Research team, it is said that March 2021 was a record month for the volume of Bitcoin transactions.
As a result, this figure reached $ 366.27 billion – this is the maximum in the entire history of the largest cryptocurrency.
The previous record was recorded in February. Then the volume of transactions in the network amounted to about $ 319.3 billion. In March, it grew by 14.7%, according to a report by Block Research.
The growth in transactional activity has been observed since the very beginning of 2021. The futures and options markets also reached record levels in March.
According to the BitinfoCharts service, the bitcoin network currently processes 268,174 transactions per day on average.
Transaction fees exceeded $ 51 over the weekend, the last time they were at that level in December 2017.
Average commissions have dropped to $ 43.8 this week. The BTC rate is currently holding around $ 55,000. The coin was able to recoup a little after the shock fall below $ 52,000 on Sunday.
However, the pressure is still there, so it is unlikely that we will see a resumption of the rally in the near future, observers predict.
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