Bitcoin transaction volume on the network has reached an 11-month low, with average daily transactions falling to around 400,000 over the past two months. This decline has also led to a decrease in network mempool usage and a significant drop in the number of unconfirmed transactions. The decrease in network activity has resulted in lower fees for users, but miners are making less from transaction fees, adding to the pressure they have faced since the 2024 Bitcoin halving. The decline in network activity is believed to be a result of the drop in hype surrounding certain tokens. In addition, recent tariffs announced by President Donald Trump have caused concerns about inflation and have negatively affected the price of Bitcoin.



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