Bitcoin Mining Competition Soars Despite Declining On-Chain Activity - BitcoinEthereumNews.com
Bitcoinऑन-चेन गतिविधि में गिरावट के बावजूद बिटकॉइन खनन प्रतियोगिता बढ़ गई04 / 13 / 2022बिटकॉइन एथेरियम समाचार Bitcoins rising hash power flies in the face of its bear market-level trading activity, according to blockchain intelligence provider Glassnode. In the company‘s weekly on-chain अद्यतन, it analyzed investor behavior amid Bitcoin’s latest price slump. The cryptocurrency, which briefly broke above its $45,000 resistance late last month, has since उतरा into its consolidation range near $40,000. According to Glassnodes research, on-chain spending behavior showed that some investors appeared to be profit-taking during the recent rally. “We are yet to see a convincing influx of new users or demand,” the report said. Specifically, Bitcoins user base currently lacks evidence of strong growth or recovery, with daily active users still within the upper band of a six-year bear market chanel. (This chanel is only typically broken during bull market events, such as in late 2017 or early 2021.) The transaction count also is relatively low, now near just 225,000 per day. While higher than last July, it‘s still a far cry from what’s common amid bull market momentum. As such, transaction fees have been nearing all-time lows since last May, reflecting a lack of competition for block space among Bitcoin