Bitcoin Records 1 Billionth Transaction in Block 842240, Bullish Sentiment Pushes Price Above $60K

May 5, 2024, 10:15 PM

The Bitcoin network has achieved a significant milestone by processing its one billionth transaction, a landmark event that underscores the cryptocurrency's growing usage and network strength. This milestone was reached with the confirmation of transaction number 1,000,000,000 in block 842240, as reported by Clark Moody data. The achievement comes 15 years and four months after the first block was mined by Satoshi Nakamoto, with the billionth transaction occurring at block height 842,241 at 05:34 UTC+8 on May 6. Additionally, Bitcoin's price remains robust, maintaining a level above $60,000 despite market fluctuations, and is showing signs of bullish sentiment among investors, with expectations to push towards $100,000. Positive shifts in spot ETF flows and a strong weekly close further signal increasing investor confidence.