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Bitcoin

Bitcoin Volume High, New Price Record

Bitcoin achieved higher than average volume over the weekend and continues to get millions of dollars pumped into it as the price continues to climb. With volume being around 100 Million lately, having over 224,000,000 in the last 24 hours signals a dramatic increase in volume trades, and is most likely the reason for the price hike.

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The currrent number of transaction on the Blockchain is around 200,000 for the day, and for miners to get an increase in payout revenue, the blockchain will have to become more active and experience increased transaction volume to ensure longevity of profits.

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