Yesterday, the number of unprocessed transactions in the Bitcoin network significantly decreased. This reduction led to some blocks being mined before getting fully filled with transactions. According to data from The Block platform, the number of processed transactions in January reached the lowest level in the past 11 months, showing a continuous decline trend for three consecutive months, with monthly transactions decreasing by over 43% compared to the record set in October 2024. It is worth mentioning that daily transaction numbers increased leading up to Donald Trump’s inauguration, but then dropped again. Additionally, the seven-day moving average of daily transactions reached its lowest level since February 2024. Consequently, the decrease in activity caused almost all unprocessed transactions in the Bitcoin network to be cleared. By the end of December 2024, there were about 250,000 unprocessed transactions, but now this number has almost reached zero. On Saturday, several Bitcoin blocks were mined without being fully filled as mempools (storage space for unconfirmed transactions in the Bitcoin network) were empty, and transaction fees reached some of their lowest historical levels. This decrease in activity could have a significant impact on the profitability of Bitcoin mining, especially after last year’s halving event. Some major mining companies have been looking to diversify their businesses and are entering the field of data processing for artificial intelligence and high-performance computing. Meanwhile, the price of Bitcoin decreased by about 2.5% in the past 24 hours and is fluctuating around $99,380. You can view the prices of all tokens and cryptocurrencies live and instantly on the real-time digital currency price page.
