• Written by: Crypto Breaking News
• Mon, 19 Feb 2024
•   United Kingdom

The volume of daily transactions on the Bitcoin network has seen a significant decline since Jan. 28, 2024, with numbers falling from peaks above 600,000 to below 300,000 transactions per day. This downturn is in sync with a decrease in the daily creation of Ordinal inscriptions, overall easing congestion and reducing onchain fees. Network Activity [...]The post Bitcoin Network Faces Downturn in Transactions and Fees as Halving Approaches appeared first on Crypto Breaking News.

Bitcoin Network Faces Downturn in Transactions and Fees as Halving Approaches

The volume of daily transactions on the Bitcoin network has seen a significant decline since Jan. 28, 2024, with numbers falling from peaks above 600,000 to below 300,000 transactions per day. This downturn is in sync with a decrease in the daily creation of Ordinal inscriptions, overall easing congestion and reducing onchain fees. Network Activity [] Source: Bitcoin.com

The post Bitcoin Network Faces Downturn in Transactions and Fees as Halving Approaches appeared first on Crypto Breaking News.