Bitcoin Network Transactions Surge to 540,000 in 2025 Peak

The price of Bitcoin experienced fluctuations over the past week, initially dropping below $115,000 and attempting to reach $118,000 after the Federal Reserve cut interest rates. It is currently valued at approximately $115,744, showing a slight 1% decline in the last 24 hours.

Increased On-Chain Transactions

There has been a notable rise in activity on the Bitcoin network, as noted by market analyst CryptoOnchain on CryptoQuant.
The Transaction Count metric, specifically the 14-day Simple Moving Average (SMA-14), reached a peak of 540,000, indicating increased network demand.
This surge is linked to protocols like Bitcoin Ordinals and Runes, which have amplified network demand.

Network Demand and Bullish Momentum

The current alignment between network activity and Bitcoin's price suggests a more credible uptrend, supported by fundamental demand rather than speculation.
Sustained high on-chain activity is crucial for continued price momentum, making it an essential factor for market decisions.

Despite current bearish pressure and consolidation, the increased network activity could signal potential positive price movements if maintained.

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