All articles tagged with #transaction volume
Bitcoin's network activity has fallen to its lowest in 19 months despite the cryptocurrency trading near all-time highs, raising concerns about its long-term utility and the impact of low-fee transactions, with debates emerging within the community about the implications for Bitcoin's core principles.
Bitcoin's daily transaction volume has reached a two-year high, but its value has fallen by over 5% in the past 24 hours, leading to a shift in market sentiment from bullish to bearish. The coin's Weighted Sentiment has turned negative, indicating a significant increase in bearish sentiment. Additionally, the ratio of BTC's daily transaction volume in profit to loss suggests that more transactions are resulting in a loss rather than a profit. Miner activity on the Bitcoin network has also seen a decline, with the amount of coins held in miners' wallets dropping by 1%.
Dogecoin's transaction volume has surged to an all-time high, surpassing Bitcoin's peak transaction volume in 14 years, due to the rampant minting of DRC20 tokens on the Dogecoin chain. Despite the increased transaction volume, the price of Dogecoin has remained relatively stable.