Bitcoin Network Settled Record $31billion in a Day Last Week

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The Bitcoin network hit a new milestone on Oct. 6, settling $31 billion in transactional value.

The new all-time high caps off an incredible rise in settlement value since the start of the year.

For some perspective, this represents a 40x jump in settlement value since the start of 2020.

Since then, however, there has been a noticeable drop in settlement value, reaching figures of around $11.6 billion in the days that followed.

Still, it marks a strong rise for bitcoin usage since the start of 2020, where the figure was well under $10 billion.

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