• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

The number of daily Bitcoin transactions hits the lowest level

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Bitcoin Price Analysis Today (October 17): BTC/USD holds the floor at $6,400

Since August 2018 the number of daily transactions on the Bitcoin network has dropped to an all-time low.

Related articles

Trump’s Plan to End Musk’s Government Subsidies Sparks Market Reaction

June 6, 2025

Circle’s Stock Soars on NYSE Debut

June 6, 2025

According to analytical data by The Block, the seven-day average of Bitcoin transactions dropped to 217,000 transactions yesterday. The last time this number was recorded was at the end of August 2018.

This drop comes as the Bitcoin price hovers around the $36,000 mark, down 44% from its all-time high of $64,000 set in April of this year.

Besides, other on-chain indexes are also affected. The number of daily active addresses on the Bitcoin network — also a seven-day average — dropped to 940,000 addresses yesterday, coinciding with levels last seen in May.

The number of new addresses per day also fell to 372,000, back to the level recorded in March.

Accordingly, on-chain volume in US dollars fell 55%, from $17.3 billion per day to $7.7 billion.

However, the upside during these difficult times is that Bitcoin transaction fees are plummeting. This makes it cheaper to use the network. The average fee has dropped by 87%, from $53 to $7.

Maybe you are interested:


Join our channel to update the most useful news and knowledge at:

According to Blogtienao
Compiled by ToiYeuBitcoin

[ad_2]

Share76Tweet47

Related Posts

Trump’s Plan to End Musk’s Government Subsidies Sparks Market Reaction

by shark
June 6, 2025
0

Donald Trump proposes terminating Elon Musk's government subsidies, affecting markets and contracts.

Circle’s Stock Soars on NYSE Debut

by shark
June 6, 2025
0

Circle's stock opened at $69 on its NYSE debut, showcasing strong investor interest and marking a significant step in the...

Trump-Musk Relationship Strained Amid Policy Disagreements

by shark
June 6, 2025
0

Former President Donald Trump and Elon Musk are experiencing a strained relationship following U.S. policy disagreements, particularly concerning electric vehicle...

Tether Invests in Shiga Digital, Expanding African Blockchain Services

by shark
June 6, 2025
0

Tether announces investment in Shiga Digital to enhance financial services in Africa, focusing on blockchain and USDT integration for cross-border...

Total Crypto Trading Volume Reaches $80 Trillion Milestone

by shark
June 6, 2025
0

Crypto trading volume hit $80 trillion, highlighting increased institutional investment and market volatility.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Trump’s Plan to End Musk’s Government Subsidies Sparks Market Reaction
  • Circle’s Stock Soars on NYSE Debut
  • Trump-Musk Relationship Strained Amid Policy Disagreements
  • Tether Invests in Shiga Digital, Expanding African Blockchain Services
  • Total Crypto Trading Volume Reaches $80 Trillion Milestone
  • Hong Kong Legalizes Crypto Derivatives for Professional Investors
  • Record $1.19 Billion Crypto Options Trade Executed
  • Qubetics Gains Traction as HYPE and Tron Respond to Market Shifts: The Next Best Crypto to Buy in 2025
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7