The Number of Unconfirmed Transactions in Bitcoin Passed 287K

As Asian investors exited the market, Bitcoin fell below the $13,000 level today and fell by as much as 23% in 24 hours.

Bitcoin transaction fees have even managed to exceed $33 this week, and all of that. There may be a simple reason behind it.. Christmas is coming.

While Bitcoin’s popularity is increasing, people may have wanted to share their Bitcoins with their loved ones and friends.. After all, that’s why Bitcoin was invented. Giving people back control of the financial system. But since not everyone owns Bitcoin or is knowledgeable about it, Bitcoin owners may have wanted to step in and introduce the cryptocurrency to their family and friends.

It’s nice to share, but this drop has seriously affected the market.. As you know, when Bitcoin takes action, it usually takes the entire market with it.. This is sometimes positive but right now it’s pretty negative.. The decline of Bitcoin caused a decline in the entire market, and the price of many cryptocurrencies seems “red” at the moment.. But right now there are things more troubling than the reason for this dynamism.. For example, more than 287k unconfirmed transactions on the Bitcoin network. After this number rose to 285 thousand, although it remained stable for a while, it increased again.. In the event that panic selling starts (or continues), it is not known how high this number will climb.

The number of unconfirmed transactions on the Bitcoin network has always been significant in the past, but the average fee per transaction was never around $33.

Bitcoin, whose head is already hurting due to transaction fees, does not seem to be showing much positive development in this regard.. On the contrary, transaction fees and waiting times are getting worse.. There are many people who think that Bitcoin, which emerged as a reaction to banks that put people in trouble with high transaction fees and waiting times, is far from showing this reaction and can no longer be used as a “currency”.. We will get the answer to the question of whether there will be a change or development in the Bitcoin network on this subject.

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