Someone Say Bear Market? Bitcoin Sets 3 Huge New Records in 2019

Bitcoin was anything but bearish in 2019, as new data shows its technical strength has reached levels never seen before.

An examination of three metrics - Bitcoin's transaction count, USD transaction volume and hash rate - confirms the largest cryptocurrency firmly beat off bearish sentiment this year.

Over the past twelve months, those measures set new records, easily eclipsing previous performance.

That included outdoing 2017 figures, fuelling the narrative that Bitcoin price action is no indicator of overall health, though BTC's value is still up over 100% since last year's lows.

The Bitcoin network processed more transactions in 2019 than during any other year.

Data compiled by industry analytics resource TradeBlock showed May 2019 was the busiest month ever for Bitcoin, with almost 12 million transactions.

In terms of USD, Blockchain notes the Bitcoin network moved more value than ever before this year.

As Cointelegraph has reported throughout 2019, Bitcoin's hash rate continues to hit new heights.

As both Cointelegraph and monitoring resource Skew Markets noted in its annual summary earlier this month, Bitcoin futures and derivatives are among the year's new success stories.

Cointelegraph has published a number of other retrospectives covering both Bitcoin and beyond to mark the end of the year and the decade.