The Number of Bitcoin Transactions Slowly Approaches Late 2017 Bull Run Levels

Over the past few months, there have been some interesting changes as far as the number of Bitcoin transactions is concerned. After the massive spike taking place between early and late 2017, things have certainly taken a turn for the worse in the months after. This downward spiral also correlates with the Bitcoin price tanking significantly, which usually leads to fewer confirmed network transactions. Thankfully, these statistics are almost as volatile as the Bitcoin price itself. As the value per BTC has started showing signs of a recovery in early 2019, the number of BTC transactions seems to be moving up alongside it. To many people, that is a good sign, but others will shrug it off as a mere coincidence first and foremost. There are still a lot of questions whether or not the number of transactions and the actual Bitcoin price are correlated in any significant manner. What is rather apparent is how the number of confirmed TXs has gone up significantly in recent months. The slow and steady growth over the past few months would seem apparent when zooming out at the statistics chart to an all-time overview. However, when looking at the 180-day chart, there are many ups and downs to be noted in this regard. A recent drop from 360,000 to 218,000 transactions per day occurred in early March, although that may turn out to be a minor blip on the radar.