In a review by the Block Research team, it is said that March 2021 was the 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.
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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 on the night of Tuesday, April 20, is holding around $ 56,500. The coin was able to recoup a little after the shock fall below $ 52,000 on Sunday.
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However, the pressure is still there, so it is unlikely that we will see a resumption of the rally soon, observers predict.