$19 trillion in transactions settled on the Bitcoin network in 2024
Bitcoin has a current market capitalization of roughly $1.9 trillion and surpassed silver’s $1.6 trillion market cap in 2024.
More than $19 trillion in transactions settled over the Bitcoin network in 2024 — more than double the $8.7 trillion settled over the network in 2023 — reversing two years of declining transaction volume since 2021.
According to data from vice president of research at Riot Platforms Pierre Rochard, Bitcoin transaction volume peaked during the 2021 bull market at approximately $47 trillion and sharply declined in 2022 and 2023. Rochard wrote:
Bitcoin (BTC) had a momentous 2024, which included the introduction of a BTC exchange-traded fund (ETF) in the United States, the April 2024 halving event, and a new all-time high of roughly $108,000.
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Author: Vince Quill
