In a remarkable turn of events, Bitcoin has set a new record in January 2024, with on-chain trading volumes surpassing an astonishing $1.2 trillion. This surge marks the highest levels since September 2022, reflecting a substantial shift in market dynamics.
January: A Month of Milestones
Throughout January, the volumes of dollars traded on the Bitcoin blockchain soared, eclipsing the previous month’s total by $200 billion.·
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