A recent report by Glassnode showcases the comparison between Bitcoin’s transaction volume and that of traditional payment processors like Visa and Mastercard.<\/p>\n
Glassnode’s analysis indicates that Bitcoin’s on-chain transaction volume is currently at $46.4 billion per day, highlighting the total amount of Bitcoin involved in network transfers.<\/p>\n
The provided chart illustrates Bitcoin’s on-chain volume exceeding that of Visa and Mastercard, standing at $46.4 billion per day, compared to $38.9 billion and $24.7 billion, respectively.<\/p>\n
It’s important to note that Bitcoin’s volume encompasses various on-chain activities beyond economic transfers.<\/p>\n
The report also includes a filtered volume estimation for economy-based transactions, combining spot trade volume and adjusted on-chain volume.<\/p>\n
When considering economic transaction volume, Bitcoin ranks lower than Mastercard and Visa, with a combined spot and entity-adjusted volume of $6.5 billion per day.<\/p>\n
Additionally, the analysis includes data for Gold and SPX volumes, with both significantly higher at $162.6 billion and $253 billion per day, respectively.<\/p>\n
Glassnode’s weekly report highlights the recent drop in the percentage of Bitcoin supply in net unrealized profit to 75% during the recent market correction.<\/p>\n
As of the latest data, Bitcoin is trading at approximately $65,200, reflecting a 13% increase over the past week.<\/p>\n","protected":false},"excerpt":{"rendered":"
A recent report by Glassnode showcases the comparison between Bitcoin’s transaction volume and that of traditional payment processors like Visa and Mastercard. Bitcoin On-Chain Volume at $46.4 Billion Per Day Glassnode’s analysis indicates that Bitcoin’s on-chain transaction volume is currently at $46.4 billion per day, highlighting the total amount of Bitcoin involved in network transfers. […]<\/p>\n","protected":false},"author":1,"featured_media":15901,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitcoin Transaction Volume Compared to Visa and Mastercard - Bitrabo","description":"A recent report by Glassnode showcases the comparison between Bitcoin's transaction volume and that of traditional payment processors like Visa and Mastercard."},"footnotes":""},"categories":[316],"tags":[448,4660,2067,1450,1122,734],"class_list":["post-15900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-compare","tag-mastercard","tag-numbers","tag-visa","tag-volume"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/15900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=15900"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/15900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/15901"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=15900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=15900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=15900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}