Bitcoin Fees Fall to New Lows Since 2015 as Transactions Hit New Highs

Bitcoin Fees Fall to New Lows Since 2015 as Transactions Hit New Highs

Bitcoin median fees declined to levels not seen in 4 years as the transactions of the king of cryptocurrencies hit the 9-million mark last month, a level not seen since December 2017, according to a research published by crypto and bitcoin research firm Diar.

As the note says, “total monthly Bitcoins moved on-chain standing at higher levels than seen throughout most of 2018,” with over 4 million bitcoins moved in January 2019. “But the Median transaction value in Bitcoins has dwindled to new lows, as has the equivalent total USD Volume which last month fell below May 2017 levels.”

Last week, Cryptimi reported that according to another Diar research the trading volume in crypto exchanges declined to levels not seen since 2017. “Partly accounting for a lack of volatility so far this year, exchanges could be set to enter a new plateau after coming off a record breaking year.”
So, while transactions count is at 1-year highs, trading volume in crypto exchanges are at lows since 2017, Bitcoin fees are dropping. 

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News

Cryptopia,Exchange Platforms,Hack,Relaunch

Cryptopia To Be Back “Bigger and Better” Before End Of Month

The hacked cryptocurrency exchange platform, Crytopia has announced that full trading capabilities will be possible again from the end of March. A couple of weeks ago, we released news that Cryptopia, the New Zealand-based exchange platform that suffered a multi-million-dollar hack in January, had re-opened a read-only website to clients. While users could access their […]

18 March, 2019
Exchange Platforms,Exmo,Maintenance

Traders Warned That EXMO is to Shut Down for Maintenance

Users of Exmo have been warned that they will not be available tomorrow evening. Exmo has announced that their service will not be available from 19:00 (CET) tomorrow evening (19th March). This will mean that traders will not to be able to access their account or complete any trading during this time. The reason for […]

18 March, 2019
Blockchain,Exchange Platforms,Riot Blockchain,Riotx

Riot Blockchain to Launch Exchange Platform

US-based blockchain firm, Riot Blockchain has announced a plan to venture further into the world of blockchain with a new cryptocurrency exchange. The news comes from US SEC (Securities and Exchanges Commission), who published a document outlining the proposed plans for the exchange known as, RiotX. The exchange is said to operate via customers US […]

17 March, 2019
Blockchain,Ethereum

Blockchain Will Make Up Most Of The Economy, Says Ethereum Founder

Joseph Lupin, the co-founder of Ethereum, has predicted how he sees the future of blockchain for the global economy. While speaking at SXSW conference, Lupin explained how he believed that in 10-20 years, blockchain will make up for the majority of a much larger economy. In his opinion, the global economy will increase by around […]

17 March, 2019
Bitcoin,Cryptocurrency,Law,Pioneer

Bitcoin Pioneer Subpoenaed for $4 Billion

Jeff Garzik, a software engineer considered a Bitcoin pioneer, has been subpoenaed for 4 Billion because of a connection he has with an on-going lawsuit against Craig White. The United District court filed the subpoena follows on from the on-going dispute between White and the family of David Kleiman. Kleiman is suspected by many to […]

16 March, 2019
Assurley,AXA,Insurance,Security Token Trading

AXA XL and Assurely Collaborate to Form New Security Token Insurance Service

Insurance giants AXA have joint forces with the technology platform Assurely to spawn a new insurance service using Security Tokens and Crowdfunding. In a press release, the news came that they were going to create an innovative new service for customers to insure any new online capital formation strategies they undertake. The project will be […]

16 March, 2019
CEO,Exchange Platforms,Mozilla,StellarX

Stellar Appoints EX Mozilla COO as CEO

The Stellar Development Foundation has announced the news that they will be appointing Denelle Dixon, former COO of internet software provider Mozilla, as its new CEO and executive director. The decision makes perfect sense considering Dixon cut her teeth working on the non-profit internet browser. In a press release, they announced that her advocacy for […]

15 March, 2019
Bittrexx,Cryptocurrency,Exchange Platforms,Raid

Bittrex Pulls Plug on IEO

Crypto exchange platform, Bittrex has announced that they will be cancelling the launch of its first token sale, referred to as an Initial Exchange Offering. It was a last-minute move from the American based company, whose firm based in Malta was set to launch the token tonight. The company was to launch the “Raid Tokens” […]

15 March, 2019