[{"category":{"name":"Trending News","exported_url":"trending-news"},"id":"56e8fdd2-b80c-4ee8-8b45-0f432a730430","updated_at":"2024-05-06T09:16:15.980228+00:00","account":{"firstName":"Mason","lastName":"Thompson"},"description":"Eight hundred weeks after launch to witness the one-billionth transaction of Bitcoin. The journey to two billion is more promising than ever!","sapo":"A remarkable number of over one billion Bitcoin transactions was revealed, signaling a significant achievement of the so-called world's most valuable cryptocurrency.","title":"Bitcoin Hits One Billion Transactions Milestone Amidst Growing Crypto Landscape","content":"

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Clark Moody’s Bitcoin dashboard recently unveiled a remarkable achievement in the world of cryptocurrencies: over 1 Billion Bitcoin transactions processed, marking a significant milestone for the pioneering digital asset.

Clark Moody Bitcoin Dashboard

Source: Clark Moody

Since its launch on January 3, 2009, Bitcoin has traversed a journey spanning 800 weeks and one day to reach this historic feat, with an average transaction rate of 6 transactions per second over the past month, as reported by Clark Moody's Bitcoin dashboard.

While the achievement is undoubtedly noteworthy, it's essential to note that Bitcoin is not the first blockchain network to surpass the one billion transaction mark. Rival platforms like Ethereum have already processed 2.4 billion transactions, indicating a comparatively longer and slower trajectory for Bitcoin. This latest milestone was reached following Bitcoin's most recent programmed halving event, underscoring the gradual but steady progress of the cryptocurrency.

However, this milestone comes amidst an exciting period for Bitcoin, characterized by a surge in daily transactions over the past year. Bitcoin is now traded at around $65,000, a 2.5% increase in the last 24 hours.

Bitcoin current price

Source: BitScreener

In the short-term, investors seem to be bullish on Bitcoin, as they expect the giant crypot to reach $70,000 again.

Expore more crypto insights with our Bitscreener Exclusive

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Bitcoin Hits One Billion Transactions Milestone Amidst Growing Crypto Landscape

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