Bitcoin: Transactions triumph as price holds steady

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Bitcoin breaks transaction records, with 1.2 million daily active addresses. As BTC hovers around $26,800, the king coin's slight bullish trend continues.

volume metric on Santiment revealed an interesting observation: there was no corresponding spike in volume to match the surge in transactions on 15 September.

The chart also indicated that the volume remained relatively stable at around $12.7 billion during that time. However, it then experienced a decline, reaching approximately $6.7 billion by 17 September. As of this writing, the volume had surpassed $15 billion.transactions had an immediate impact on the daily active addresses. When examining the daily active address metric on Santiment, it became apparent that it also experienced a spike, surpassing 1.2 million on 15 September.

This figure marked the highest number of active addresses recorded in nearly eight months. As of this writing, there were over 300,000 daily active addresses, and this number was on the rise as the day progressed.revealed that it has managed to sustain its position around the $26,000 price level, even after facing some setbacks over the weekend.As of this writing, it was trading at approximately $26,800, reflecting a modest increase of less than 1% in price.

 

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