Does anyone know what is happening with the network activity? Bitcoin has had a massive drop in the daily transaction count. Yesterday we had 180,000 on average, this last week the lowest we have gotten down to is 138,000, and for the last 3 years have never dropped below 100,000 txs per day. Currently, Bitcoin has only had 40,000 transactions in the last 24 hours. This is a 78% decline in transaction volume since yesterday, and yesterday had a relatively low tx count already. This is a drop that no one is talking about, and it is honestly terrifying. What is going on?
I have a theory that hodlers of bitcoin are manipulating the fees - keeping them low - to what end, who knows. /s
I just noticed the massive hash rate drop. 66% decline in the last 24 hours.