Bitcoin Transaction Volume

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Bitcoin Transaction Volume

Our research found that the estimated daily Bitcoin transaction volume in the US is $1,084,237 USD. We also found that the daily Bitcoin transaction volume is $695,903,220 globally. There is more Bitcoin transaction data included below.

METHODOLOGY

We began our search by trying to find any publicly available data on any of the Bitcoin-related sites that listed the daily Bitcoin transaction volume in the US. Although we viewed sites like Blockchain, Long Hash, Bitcoin, and The Cryptoblock, we were unable to find any of the daily data that was related to the US. We did find the weekly transaction volume and added that to the brief.
Next, we tried looking for articles that may have posted related to daily bitcoin transaction volume in the US, but we were not able to find it. We reviewed sites like Forbes, The Washington Post, the New York Times, and Money Magazine and although we found information related to Bitcoin none gave any information on daily transaction volume.
As another strategy we looked for industry specific publications like Bitcoin Magazine, the BTC Blog, Bitcoin Market Journal, and 99 Bitcoins. Again, we found plenty of data but none that was specific to daily transaction volume in the US.

DAILY BITCOIN TRANSACTION VOLUME — GLOBAL

The number of daily Bitcoin transactions ranged from a low of 212,877 to a high of 393,698. Below, we listed the dollar amount of the daily Bitcoin transactions from April 1, 2019, through April 7, 2019. We then used that information to calculate an average daily transaction balance. The information is below:
• 4-1-19 — $583,037,059 USD
• 4-2-19 — $698,356,264 USD
• 4-3-19 — $771,364,806 USD
• 4-4-19 — $820,894,238 USD
• 4-5-19 — $832,788,935 USD
• 4-6-19 — $843,275,191 USD
• 4-7-19- $846,339,397 USD
• Average daily transaction volume globally — $695,903,220 USD

DAILY BITCOIN TRANSACTION VOLUME IN THE US

We were unable to find the daily Bitcoin transaction volume in the US, but we were able to find the weekly Bitcoin transaction volume in the US. We estimated the daily volume by taking the weekly volume and dividing it by the seven days in a week. We then followed this same calculation for the previous four weeks and then used that information to calculate an estimated daily Bitcoin transaction volume.
March
• Week of 3-30-19 — $6,897,466 / 7 days = $985,352
• Week of 3-23-19 — $7,507,878 / 7 days = $1,072,554
• Week of 3-16-19 — $6,920,233 / 7 days = $988,605
• Week of 3-9-19 — $6,953,474 / 7 days = $993,353
• Week of 3-2-19 — $9,669,238 / 7 days = $1,381,320
• Average daily transaction in the US = $1,084,237 (we used the amounts from week 3-30-19 through 3-2-19 divided by 5)

WEEKLY BITCOIN TRANSACTION VOLUME IN THE US

MARCH
• Week of 3-30-19 — $6,897,466 USD
• Week of 3-23-19 — $7,507,878 USD
• Week of 3-16-19 — $6,920,233 USD
• Week of 3-9-19 — $6,953,474 USD
• Week of 3-2-19 — $9,669,238 USD
FEBRURAY
• Week of 2-23-19 — $8,006,831 USD
• Week of 2-16-19 — $5,783,206 USD
• Week of 2-9-19 — $8,435,655 USD
• Week of 2-2-19 — $6,465,589 USD
JANUARY
• Week of 1-26-19 — $6,271,744 USD
• Week of 1-19-19 — $5,646,424 USD
• Week of 1-12-19 — $5,576,737 USD
• Week of 1-5-19 — $4,667,463 USD

Sources
Sources