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Bitcoin Hits 11-Month Low: Trading Slumps, Fees Super Cheap But Miners Are Struggling
The Bitcoin network is experiencing a significant decline in activity, with transaction volume reaching its lowest level since March 2024. According to data from CryptoQuant, the daily transaction count has dropped to around 400,000 in recent months, a sharp decrease from the peak of 810,850 transactions recorded on November 19, 2023. Bitcoin transactions and the decline in Mempool usage Julio Moreno, CryptoQuant's research department head, emphasized that this trading decline has...