Only 9300 unconfirmed transactions today

[batang_bitcoin]

It's now down to 7k transactions. I conclude that during important seasons, holidays there are too many who are transacting with bitcoin and when it increases in number fees are also included. I did a transaction yesterday in the highest priority and I only paid almost $2 = 0.0002 BTC unlike during that season 0.002 BTC isn't even enough.

[1713898624]

1713898624

[stompix]

^ not yet there is still 5,000 pending transactions. If it reaches to 100 or even 10 a lot of investor would be happy because their transaction is now cleared out.

Those will never clear.
Some of them are huge spam tx that would fill a block.

But  browsing around this one is pretty interesting:
https://blockchain.info/address/1EEqRvnS7XqMoXDcaGL7bLS3hzZi1qUZm1
And it seems it's owned by hitbtc , and look at the queue

During Christmas Bitcoin was sailing in ATH territory and many people were moving Bitcoins, either to buy or to sell them. Now that the market is depressed most of the people hodl and don't move coins - this explains the empty mempool.

That is not an answer for it as the mempool was full 3 months before Thanksgiving not Christmas.

I tend to think that the reason it dropped is small exchangers switching to segwit and increasing the batch payments size and Coinbase also not doing 2 output transactions anymore.

[onnz423]

Hopefully this isn't a temporary resolution, segwit adoption has been increasing as of late, and I've noticed a major push around bitcointalk to start boycotting non-segwit enabled businesses. However, most of this is likely due to the market being depressed right now, the weak hands are no longer clogging the mempool with their panic sells, and lower fee transactions are able to slip onto the next block.

[SHAWN-MIDWAYS]

It's now down to 7k transactions. I conclude that during important seasons, holidays there are too many who are transacting with bitcoin and when it increases in number fees are also included. I did a transaction yesterday in the highest priority and I only paid almost $2 = 0.0002 BTC unlike during that season 0.002 BTC isn't even enough.

Totally agree and it is a well know fact that around the festive season people do need liquid funds to put a smile on their loved ones through gift sharing and it looks like the last holiday which we are just getting over had a lot of transactions and its just starting to come down as crypto users have started to get hold of more coins for the purpose of hodling, fingers crossed unconfirmed transactions to further go down.

[pitiflin]

Here is why: -
The fees has reduced excessively. One reason why the fees might have gone down is that people started using other payment options to tackle the huge fees and now the number of transactions have tentatively reduced. Segwit is also playing a key role here.

[TopT3ns]

If i'm not wrong,there were almost 300k unconfirmed transactions during christmas making it very difficult to even sell bitcoins to enjoy the high price.Such a situation even made steem to get back from accepting bitcoin payments.

But now,today there were only 10,000 unconfirmed transactions.

         https://blockchain.info/unconfirmed-transactions

   

some people in my community when asked if prefer to use bitcoin or ETH or other coins what they want to use to send transaction, a lot of people say for ETH in big transaction and doge for small transaction, i think they still afraid if must wait longer time when use bitcoin like in past

[Bolt Brownie]

Yes, those are really good news. The number of unconfirmed transactions decreased substantially during the last days. Some people say that it's because of investors losing their interest on bitcoin but I don't believe that. The bitcoin 24h volume on coinmarketcap didn't have a substantial decrease so people are still engaged with bitcoin. I think that exchanges, that are still accountable for the majority of BTC txs, are finally taking a more responsible approach (probably batching transactions for example), and that helps the network a lot. Things will even get better as soon as coinbase implements segwit on their platform.

[Hazir]

Bitcoin right now, since it is almost known worldwide would undergo natural growth. Well, i'm hoping that those people investing in stocks would convert to investing in crypto. That would  surely boost the value rapidly. 

A rapid boost of price is not always a good thing - we could observe it quite recently. From $20k we slided down a drainpipe to sub $10k level.
I am really glad that we no longer have a ridiculously high number of the backlog of transactions around.
I remember times when we have constantly over 100k transactions and tx sent with the standard fee would be confirmed after a day or two.

[JesusCryptos]

The good news for me is that in a few days I will have to pay for a recursive service which I'm always paying in Bitcoins and which costs only 6$, so with an additional 20$ fees as it has been for a while on to it would be a bit surreal...

[angrygroceries]

If i'm not wrong,there were almost 300k unconfirmed transactions during christmas making it very difficult to even sell bitcoins to enjoy the high price.Such a situation even made steem to get back from accepting bitcoin payments.

But now,today there were only 10,000 unconfirmed transactions.

         https://blockchain.info/unconfirmed-transactions

   

Yeah it means Bitcoin is not traded much because people are spending fiats to do something instead of Bitcoins ( maybe shopping for new year? ) . But Bitcoin is now back to the "real" valuation and there is no more bubble here.