When Bitcoin broke the $ 12,000 resistance, the transfer volume in the chain exceeded 4 million and reached a 14-month high.

In contrast to the interchangeable size, the scale of the chain can not be adjusted or broken easily. In comparison, there are currently 18.5 million bitcoins (BTC) in total. This means that within 24 hours, users processed 22% of the total current supply of bitcoins.

If we examine the 30-day average for this indicator, we find that September 30 is at a three-year high, and the general trend is clearer.

Meanwhile, the number of items with a non-zero balance and with a minimum of 0.01 BTC also sets new heights. It seems that at least some extra volume has been created by bitcoins to spread their wealth. It can also act as a catalyst for the influx of new investors struggling with small acquisitions.

Meanwhile, the payment giant PayPal has announced that it will soon allow US users to buy, sell and store cryptocurrencies in their wallets.

Source: CoinTelegraph