The transaction volume settled on the Bitcoin network will exceed US$19 trillion in 2024, more than double the US$8.7 trillion in 2023

PANews January 5 news, according to Cointelegraph, the transaction volume settled through the Bitcoin network will exceed US$19 trillion in 2024, more than double the US$8.7 trillion settled by the network in 2023, reversing the trend since 2021. There has been a downward trend in transaction volume over the past two years. According to Pierre Rochard, vice president of research at mining company Riot Platforms, Bitcoin trading volume peaked at approximately $47 trillion during the 2021 bull market and declined sharply in 2022 and 2023.