Bitcoin Use Is Quietly Surging Back to Its Peak

Bitcoin is quietly gaining momentum again. The number of confirmed transactions per day has reached levels not seen since 2017, the year when the world’s largest cryptocurrency surged in value and made international headlines. Data from Blockchain.com shows the number of daily confirmed bitcoin transactions reached 328,417 on February 5, the first time since January 2018 that it has reached that level. At its peak in December 2017, bitcoin was worth nearly $20,000 per coin, but it has since slumped to just $3,462 at the time of writing. While the price crash at the start of 2018 was coupled by a decline in usage, the number of transactions per day has gradually risen to return to its previous high levels.

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