Bitcoin network transaction volume hits 11-month low in January

Odaily News The Bitcoin network hit an 11-month low in transaction processing in January, continuing a three-month downward trend. Monthly transaction volume fell by more than 43% compared to the network's all-time high monthly transaction volume in October 2024. The backlog of unprocessed Bitcoin transactions also fell sharply, and transaction fees hit a record low as miners emptied the memory pool of Bitcoin nodes. Several blocks were not filled on February 1. (The Block)