Bitcoin has had a busy week.

The Bitcoin network has reached 500 million transactions, and the coin celebrated 250 million transactions in 2017.

as such reached Its daily transactions are levels not seen in the past five months.

Bitcoin price has been on an upward trend recently.

In 2020 alone, Bitcoin managed to add more than 40% to its price point, rising from an annual low of just under $7,000 to a price of around $10,100.

Now, Bitcoin has reached $10,000, which means it has written off nearly half of its 2019 losses.

After an equivalent advance in April of last year with bitcoin reaching around $13,880 then the price drop in 2019 has been relentless.

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Bitcoin has gone from recovering the majority of its losses for 2018 to a low base of $6,900 last November.

But with its awaited recovery erasing last year’s losses, Bitcoin broke the $10,000 threshold again.

Bitcoin Transactions Rise

It is not only the price of Bitcoin that has crushed expectations as of late, as the major fundamentals have put Bitcoin in a great place.

Data from Blockchain.com reveals that Bitcoin managed to surpass 368,604 daily transactions on February 5.

The last time the network noticed levels of this magnitude was in September 2019.

Although this was not the largest number of daily transactions ever, it still indicated an expansion of the market.

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Record transactions were recorded on a daily basis in May 2019, when the network reached an all-time high of 452,646.

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