Bitcoin Network Faces Downturn in Transactions and Fees as Halving Approaches
![Bitcoin Network Faces Downturn in Transactions and Fees as Halving Approaches](https://cryptohurdles.com/wp-content/uploads/2024/02/Bitcoin-Network-Faces-Downturn-in-Transactions-and-Fees-as-Halving-1024x576.jpg)
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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 […]
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