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Wednesday

23 June 2021

As Crypto Interest Winds Down Bitcoin's Daily Transaction Rate Plummets to Two-Year Lows – Bitcoin News

As Crypto Interest Winds Down Bitcoin's Daily Transaction Rate Plummets to Two-Year Lows – Bitcoin News


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While bitcoin (BTC) prices have dropped to lower bound ranges, after touching an all-time high over $64K per coin, the number of daily transactions has dive-bombed as well.

From February 14 to April 28, 2021, the Bitcoin Cash (BCH) network outpaced the BTC chain’s daily transaction rate during that time span.

BTC’s highest daily transaction rate has only tapped 478K confirmed transactions, while BCH broke over two million confirmed transactions per day during the first week of September 2018.

In addition to BTC transactions per day dropping to 2018 levels, bitcoin fees have slid as well during the last few weeks.

While XRP transactions did dominate Ethereum’s daily confirmed rate during the first few months of 2021, the ETH chain is now ahead of XRP in terms of daily transactions confirmed?

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