7x April’s ATH: Bitcoin Transactional Volume Reaches $700 Billion in a Week

There’s been plenty of comaparisons of Bitcoin’s price action now and in April when the cryptocurrency reached its previous all-time high.

Research firm IntoTheBlock now points out a staggering difference in Bitcoin’s transactional volume between the two periods.

$700 Billion Weekly Transactional Volume

According to the research firm, Bitcoin’s on-chain volume reached over $700 billion transacted, which presents an increase upwards of 7x compared to April.

In addition, the company notes that most of the volume came from transactions that were worth over $100,000.

Going forward, there’s seemingly less speculation in the market.

By tracking addresses that hold BTC