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Bitcoin Network Faces Downturn in Transactions and Fees as Halving Approaches

Bitcoin Network Faces Downturn in Transactions and Fees as Halving Approaches
© Copyright Image: Crypto Breaking News

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.

Read more: https://www.cryptobreaking.com/bitcoin-network-faces-downturn-in-transactions-and-fees-as-halving-approaches/

Text source: Crypto Breaking News

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Crypto Breaking News
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Mon, 19 Feb 2024
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