March 29, 2024

The number of bitcoin transactions per day fell to the level of 2018

The number of bitcoin transactions per day fell to the level of 2018

According to network metrics, daily bitcoin transactions have dropped to their August 2018 level.

According to Coin Metrics, in the past few days, the number of transactions with the leading cryptocurrency has dropped to 220 thousand, which is the lowest in the last 24 months.

The number of bitcoin transactions per day fell to the level of 2018

The decrease in user activity is due toa protracted Bitcoin correction and unsuccessful attempts by the bulls to raise the rate above $40 thousand. The recovery is hampered by a number of factors, from increased pressure on the market from US and Chinese regulators to skepticalElon Musk's tweets.

In addition to the number of transactions, up to 372 thousand.the number of new addresses decreased, and to 940 thousand the average number of active addresses per week. Due to the collapse in prices, daily sales volumes decreased by 55%, from $ 17.3 billion to $ 7.7 billion.

The only positive thing is the 87% decrease in the average commission, from $ 53 to $ 7.

tText: Ivan Malichenko, photo: iStock, graphic: The Block