Bitcoin Transactions Hit All-Time Highs: On-Chain Data Reveals Key Factor

Bitcoin ‘s (CRYPTO: BTC) daily transaction counts are soaring, hitting all-time highs and showing an explosive uptick in 2023, on-chain data shows. What Happened: According to Glassnode on-chain analytics, inspection of Bitcoin’s memory pool indicates a noticeable shift this year, with a sharp fee pressure spike during FTX and sustained fee pressure throughout 2023.