Bitcoin Network Faces Downturn in Transactions and Fees as Halving Approaches
![Bitcoin Network Faces Downturn in Transactions and Fees as Halving Approaches](https://i0.wp.com/www.cryptobreaking.com/wp-content/uploads/2024/02/bitcoin-network-faces-downturn-in-transactions-and-fees-as-halving-approaches.jpg?fit=768%2C432&ssl=1)
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
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Text source: Crypto Breaking News