Crypto News

Decrease in On-Chain Activity With the decline in Bitcoin's price, on-chain activity has also taken a hit. This can be seen in the decrease in total transaction fees, which have dropped by over 60% in recent weeks. This decrease may be attributed to a lack of demand for Bitcoin transactions due to the lackluster market conditions. As a result, the average transaction fee has also decreased, making it more cost-effective for users to send and receive Bitcoin. BTC Stagnation and Demand Zone Bitcoin's current price stagnation can be seen as a potential demand zone, as it hovers just above the $60,000 mark. This zone represents a level where buyers may become more active and push the price back up. However, if the price were to break below this demand zone, it could signal a further decline in price. Crypto enthusiasts and traders are closely monitoring this level and considering it as a potential entry point for long-term positions. Crypto Tickers and Trending Hashtags ...