Bitcoin Transactions Reach Yearly High, Analyst Predicts $130,000 Value by 2025

• Bitcoin transactions hit $25 billion on May 28, highest in a year.
• 367,000 BTC moved on May 28, largest since June 13, 2022.
• Bitcoin price at $69,374.17 on May 28, total transaction value $25.5 billion.
• 596,790 transactions on May 28, normal compared to surrounding days.
• $200 million volume for Bitcoin transactions on May 28.
• Analyst predicts Bitcoin could reach $130,000 by 2025.

Summary :
Bitcoin transactions reached a yearly high on May 28, with an estimated value of over $25 billion in U.S. dollars. This is the highest on-chain transaction value in the past year, indicating a significant trend in Bitcoin trading. Despite the high transaction value, the number of transactions remained relatively normal compared to previous days. Additionally, Bitcoin's trading volume did not show any unusual activity. In terms of future predictions, trading analyst Peter Brandt forecasted that Bitcoin could reach $130,000 by 2025, based on historical patterns and the trajectory of previous bull runs.

Sources :

- CoinTelegraph