Tag Archives: Transaction Fees

Bitcoin Transaction Volume Hits Two-Year Low

Bitcoin’s sideways price action has led to the lowest number of confirmed transactions per day since March 2016, according to Blockchain.info. Data shows BTC transactions falling in line with downward trends in price since the all-time highs of December 2017. The number of transactions reached a two-year low on Feb. 26 with only 180,000 confirmed transactions, while Sunday, March 4 saw just 195,500. The slump comes at a time when Bitcoin struggles to regain the sky-high USD value it achieved late last year, when it reached $20,000 on some major exchanges. Despite the release of support for Segregated Witness (SegWit) technology by Bitcoin Core and exchanges Coinbase and Bitfinex in February, faster and cheaper Bitcoin transactions appear to interest investors less than overall trading potential.

Reference: https://cointelegraph.com/news/bitcoin-transaction-volume-hits-two-year-low-despite-rock-bottom-fees