The Bitcoin network hit a new milestone on October 6th with a transaction value of $ 31 billion. The new all-time high limits an incredible increase in the settlement value since the beginning of the year.
The Bitcoin network processed a record $ 31 billion in a single day on October 6, 2021. This marks a new all-time high for billing numbers on the network. In a sense, that means a 40-fold increase in billing value since early 2020.
Since then, however, the billing value has declined noticeably and reached figures of around 11.6 billion US dollars in the following days. Still, it marks a sharp spike in bitcoin usage since early 2020 when the number was well below $ 10 billion.
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