Bitcoin’s blockchain network has seen a major jump in transaction activity, reaching levels not seen since the strong bull market of 2024. According to data analyzed by CryptoQuant, the network processed nearly 831,000 transactions daily over the past few days.
The spike suggests rising demand for Bitcoin transfers and trading, especially as institutional interest in the asset continues to grow. In the past, increases in transaction volume have often matched bullish price momentum.
A similar pattern happened after the approval of spot Bitcoin ETFs in early 2024, when both network activity and Bitcoin prices surged together.
Despite the strong network activity, analysts remain cautious because of broader macroeconomic pressures. Recent US inflation data was higher than expected, with the Consumer Price Index reportedly rising to 3.8%, raising concerns for risk assets like cryptocurrencies.
Investors are also watching upcoming US crypto legislation, especially the proposed Clarity Act. Some traders worry about a possible “sell-the-news” reaction if the legislation moves forward. Bitcoin has also struggled to move above the $82,000 price zone, where strong selling pressure has appeared in recent days.
Still, if transaction activity stays high, analysts believe it could support Bitcoin’s short-term bullish momentum. On the other hand, if network activity weakens and macroeconomic uncertainty continues, it may trigger another market correction.
Bitcoin Network Hits Transaction Record Not Seen Since 2024 Bull Run
Bitcoin Transaction Count Surged To 831,000 Over The Past Three Days As Per CryptoQuant Data#Bitcoin #Crypto #BullRun #BTCtransaction pic.twitter.com/9ipbUFx0uM
— 3.0 TV (3verseTV) (@reallive3tv) May 13, 2026
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