Bitcoin has been consolidating in the $16,000 to $16,900 zone since Dec. 16. While the flagship crypto’s price has dropped considerably from its all-time high (ATH) of the $68,000 mark in November 2021, BTC’s total amount of transactions rose.
According to analyst Dylan LeClair, the total amount of Bitcoin settlements in 2022 soared to $14.843 trillion, up by roughly $1.7 trillion from 2021’s $13.1 trillion — around 275 million BTC. Per LeClair’s data, more than 556 million BTC was transacted last year.
Source: https://crypto.news/bitcoins-2022-settlements-volume-almost-hits-15t-despite-crypto-winter/