Bitcoin network activity hitting three year lows

Bitcoin has seen a drop in active addresses, hitting levels last seen in 2021. The decrease coincides with Bitcoin's price, suggests reduced network activity and transaction volume.

Miners are also affected, with their revenue falling to $827 million in August, an 11% drop from July. This decline in miner revenue is partly due to lower transaction volumes and the halving event in April, which reduced miner rewards.

https://www.coinfeeds.io/daily/bitcoin-network-activity-hits-three-year-low

CT analysis https://cointelegraph.com/news/bitcoin-transactions-dive-30-6-months-btc-price-disinterest