Bitcoin has just reached it‘s highest amount of transactions settled per week, EVER.

While we all are still getting angry over some small pullbacks we are having right now at Bitcoin and all Crypto, it is easy to lose the focus and forget to zoom out. We are still up nearly 80% and had fourth months in a row with gains. But we also have to remember that it is simply just not always about the price…

Other factors like the conviction of long-term holders, miners, hash-rates, transactions and so one are the fundamentals of Bitcoin and can be even more important than the price, or in some cases are the key driving factors behind the price.

Recently we have see a new milestone, a new All-time high, in the Number of Transactions being settled, since the very beginning!

​

Chart from Glassnode and by data analyst James V. Straten on Twitter

Here we can see how the amount of transaction that is being settled over the last 7 days has just reached a new ATH in Bitcoins whole history. This in the past had always happened during bull markets, but even the 2021 bull market could not break the record of 2017 bull market. But now we finally did that.

​

Bitcoin Ordinals Inscriptions chart

What is the reason for that you may ask? It is actually very trace-able as you can see above. The reason are simply the Bitcoin Ordinal NFTs that are increasing the inscriptions to completely new ATHs already early in this year.

Well, it is what it is. Even if this growth of transactions may just be due to one single reason, it still shows how far and how capable the Bitcoin Network has become and that during the next bull market we will likely be way higher than that too.