PANews reported on January 5 that according to Cointelegraph, in 2024, the transaction volume settled through the Bitcoin network will exceed 19 trillion US dollars, more than double the 8.7 trillion US dollars settled by the network in 2023, reversing the two-year trend of declining transaction volume since 2021. According to data from Pierre Rochard, vice president of research at mining company Riot Platforms, Bitcoin transaction volume peaked at approximately 47 trillion US dollars during the 2021 bull market and fell sharply in 2022 and 2023.