Bitcoin Network has transferred $17.78T in 2022 already

Bitcoin Network has transferred $17.78T in 2022 already
  • Bitcoin Network has transferred $17.78T in 2022 already. 
  • It is likely that this trend will continue in the future.
  • The coin has seen a slight downtrend over the past few days

It is clear that the Bitcoin network has seen a huge amount of growth in recent years, with more and more people using the crypto pair. This trend looks set to continue in the future, as Bitcoin becomes more and more popular. With this increased popularity comes an increased demand for Bitcoin, which could lead to even more growth for the Bitcoin network. It will be interesting to see how this trend develops over the coming years.

According to data from CoinMarketCap, the Bitcoin network has transferred $17.78T in 2022 already. This is a huge amount of money and it smashes the previous record from 2021. This just goes to show how popular Bitcoin has become and how much demand there is for the crypto pair. It is likely that this trend will continue in the future, as more and more people learn about Bitcoin and start using it for their transactions.

The bitcoin`s value transffered has surely seen a great pump and this is just the start. We can expect many more records to be broken in the future as Bitcoin becomes more and more popular. It is definitely an exciting time to be involved in the crypto world.

BTC 24-hour price analysis

BTC is currently trading at around $59,700 and has seen a slight dip of 0.57% in the past 24 hours. The coin started the day off at $60,000 and reached a high of $59,890 before falling to its current price. The coin has seen a slight downtrend over the past few days and is currently trading below its 7-day moving average. The short-term outlook for BTC is bearish, with the coin facing resistance at $60,000.

This, however,  does not seem to have stopped the Bitcoin network from flourishing. The recorded value is an incredibly high amount of money and goes to show just how popular Bitcoin has become. The coin is currently trading at around $59,700 and could potentially rise even higher in the future as more and more people start using it for their transactions. It is definitely an exciting time to be involved in the crypto world.

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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer