Bitcoin (BTC) has recorded its highest transaction volume since early 2018, as data suggests that more and more investors are entering the market.

Figures from on-chain analytics resource Digital Assets Data show that December 2020 has already fueled Bitcoin’s second largest transaction volumes.

Record BTC transaction volume eyes

With a total of $ 252.37 billion, the remaining 24 hours of December could increase the number even further as it is on a par with December 2017.

Bitcoin transaction volume 1 month chart. Source: Digital Assets data

Other indicators, such as the size of Bitcoin’s unprocessed transactions mempool and network transaction costs, also suggest increased activity in general.

As a Cointelegraph, too reported, wallets with both large and small balances also continue to rise to unprecedented levels.

Google trendsmeanwhile has acquired the highest search interest in “Bitcoin” worldwide since February 2018.

Google search interest in “Bitcoin.” Source: Google Trends

The reason, which is catching the attention of mainstream sources as well as seasoned crypto traders, lies in the price hike that continues unabated this week. At press time, Bitcoin challenged $ 29,300 amid a persistent refusal to consolidate lower.

The largest cryptocurrency on December 30th exceeded Berkshire Hathaway’s market cap at $ 539 billion, the financial giant whose CEO, Warren Buffett, famous compared Bitcoin to “rat poison squared”.