BTC Transactions and hash rate have dropped significantly in the last 24 hours.

[BitcoinNewbie15]

Does anyone know what is happening with the network activity? Is the network under attack? Bitcoin has had a massive drop in the daily transaction count. Yesterday we had 180,000 on average, this last week the lowest we have gotten down to is 138,000, and for the last 3 years have never dropped below 100,000 txs per day. Currently, Bitcoin has only had 40,000 transactions in the last 24 hours. This is a 78% decline in transaction volume since yesterday, and yesterday had a relatively low tx count already. This is a drop that no one is talking about, and it is honestly terrifying. Not to mention the hash rate has declined by 66% in the last 24 hours. What is going on?

[Jemcrew]

Does anyone know what is happening with the network activity? Bitcoin has had a massive drop in the daily transaction count. Yesterday we had 180,000 on average, this last week the lowest we have gotten down to is 138,000, and for the last 3 years have never dropped below 100,000 txs per day. Currently, Bitcoin has only had 40,000 transactions in the last 24 hours. This is a 78% decline in transaction volume since yesterday, and yesterday had a relatively low tx count already. This is a drop that no one is talking about, and it is honestly terrifying. What is going on?

Does anybody know what is going on with the system movement? Bitcoin has had an enormous drop in the day by day exchange check. Recently we had 180,000 all things considered, this last week the most minimal we have become down to is 138,000, and throughout the previous 3 years have never dipped under 100,000 txs for each day. As of now, Bitcoin has just had 40,000 exchanges over the most recent 24 hours. This is a 78% decrease in exchange volume since yesterday, and yesterday had a moderately low tx tally as of now. This is a drop that nobody is discussing, and it is genuinely frightening. What is happening?

[Gleb Gamow]

Does anyone know what is happening with the network activity? Bitcoin has had a massive drop in the daily transaction count. Yesterday we had 180,000 on average, this last week the lowest we have gotten down to is 138,000, and for the last 3 years have never dropped below 100,000 txs per day. Currently, Bitcoin has only had 40,000 transactions in the last 24 hours. This is a 78% decline in transaction volume since yesterday, and yesterday had a relatively low tx count already. This is a drop that no one is talking about, and it is honestly terrifying. What is going on?

I have a theory that hodlers of bitcoin are manipulating the fees - keeping them low - to what end, who knows. /s

Does anyone know what is happening with the network activity? Bitcoin has had a massive drop in the daily transaction count. Yesterday we had 180,000 on average, this last week the lowest we have gotten down to is 138,000, and for the last 3 years have never dropped below 100,000 txs per day. Currently, Bitcoin has only had 40,000 transactions in the last 24 hours. This is a 78% decline in transaction volume since yesterday, and yesterday had a relatively low tx count already. This is a drop that no one is talking about, and it is honestly terrifying. What is going on?

Does anybody know what is going on with the system movement? Bitcoin has had an enormous drop in the day by day exchange check. Recently we had 180,000 all things considered, this last week the most minimal we have become down to is 138,000, and throughout the previous 3 years have never dipped under 100,000 txs for each day. As of now, Bitcoin has just had 40,000 exchanges over the most recent 24 hours. This is a 78% decrease in exchange volume since yesterday, and yesterday had a moderately low tx tally as of now. This is a drop that nobody is discussing, and it is genuinely frightening. What is happening?

Horton hears a Who an echo.

[BitcoinNewbie15]

Does anyone know what is happening with the network activity? Bitcoin has had a massive drop in the daily transaction count. Yesterday we had 180,000 on average, this last week the lowest we have gotten down to is 138,000, and for the last 3 years have never dropped below 100,000 txs per day. Currently, Bitcoin has only had 40,000 transactions in the last 24 hours. This is a 78% decline in transaction volume since yesterday, and yesterday had a relatively low tx count already. This is a drop that no one is talking about, and it is honestly terrifying. What is going on?

I have a theory that hodlers of bitcoin are manipulating the fees - keeping them low - to what end, who knows. /s

I just noticed the massive hash rate drop. 66% decline in the last 24 hours.

[Gleb Gamow]

Does anyone know what is happening with the network activity? Bitcoin has had a massive drop in the daily transaction count. Yesterday we had 180,000 on average, this last week the lowest we have gotten down to is 138,000, and for the last 3 years have never dropped below 100,000 txs per day. Currently, Bitcoin has only had 40,000 transactions in the last 24 hours. This is a 78% decline in transaction volume since yesterday, and yesterday had a relatively low tx count already. This is a drop that no one is talking about, and it is honestly terrifying. What is going on?

I have a theory that hodlers of bitcoin are manipulating the fees - keeping them low - to what end, who knows. /s

I just noticed the massive hash rate drop. 66% decline in the last 24 hours.

"Doom and gloom! DOOM AND GLOOM!!!"

[pooya87]

stop looking at blockchain.info stats or at least cross check it with some other sources, you will see that their numbers are crazy for some reason (possibly another bug in blockchain.info). the number of transction per day is over 200K which is normal and the hashrate is still as high as it ever was (26 E Hash/sec) and the fluctuations it has are normal and like always.

a small drop in both of these numbers is perfectly normal.
- there are less transactions since the spam attack stopped and also since the massive hype and the constant huge rise and the constant huge dump afterwards has stopped. during stable price times people don't make that many transactions.
- hashrate as i said above is not dropping, there is ups and downs all over the chart with the same size and any possible drop will be small and it can be because of the lower current price compared to ATH and hashrate of that time.

https://charts.bitcoin.com/chart/hash-rate
https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m

[Whibu]

It's nothing to be afraid of, believe me it'll all come back and it'll be better, maybe it's because of the number of people who hold their bitcoins.

[franky1]

the cost of making a BTC (no electric just pure cost of ASICS) was about $8k/btc
https://bitcointalk.org/index.php?topic=3140327.msg32495804#msg32495804

before march 10th(blue in image below)

from march 10th to march31st miners(purple in image below) reacted by not increasing naturally. instead they stayed stable.
then their resistance point got knocked out when prices went to low $7k

then something stirred them up(when prices started touching the high $6k-low$7k numbers). some miners switched off some/alot of rigs and some turned more rigs on(some ran off some doubled down)(pale in image below). thus the hashrates stable/stagnant hashrate of march went into a stranger pattern in april



as for the major drop of hashrate today. thats just luck that a small pool with little hash power got a good block (lucky them)

[liseff3]

There are, two possible factors that made it happen:
1. There is someone who's hoarding bitcoin, waiting for the price to recover and then vomiting it when the increase occurs.
2. Many of the users are holding bitcoins rather than selling them because the market's on a downward trend.

[menggay16]

This can only impact on the exchanges because we know the real price of all cryptocurrencies today. And perhaps in that circulation its not like especially for investors who are just unhappy to waste their time if they continue to focus on the general trend of cryptocurrency.

[1C6fV5DtakfKANLJ8GUV7hCaA]

The data on the blockchain.info site isn't accurate. When you compare it to other sources, the results are different. But anyway, it's either people are holding their Bitcoins due to the low price or someone or a group of people are hoarding it.

[hugeblack]

Perhaps the following reasons will give you your answer:

• Bitcoin price:After the significant drop in the price of the Bitccoin, people became more rational thinking than the base "Buy now for 10,000$ and sell tomorrow at 12.000$"
• Blockchain.info problems: Development is still slow and we note that it has not yet supported SegWit
• SegWit growth: Many SegWit transactions  are still hidden from some explorers[/li