As Bitcoin (BTC) attempts to put behind the effects of last year’s bear market, the maiden crypto is recording a positive shift in its onchain activities. 

In particular, as of February 21, Bitcoin’s current demand for inscription transactions which stands at 1.14, has pushed the asset’s transaction count momentum to hit the highest level since January 2021, data by crypto analysis platform Glassnode indicates. 

“The rapid ascent in Transaction Count reflects a significant increase in the network activity, as demand for on-chain transactions begins to return,” Glassnode said.

(By Paul L.)

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