On Thursday, May 21, the price of the first cryptocurrency continued to decline. As of 19:00 UTC (21:00 Moscow time), the asset fell to the $ 8800 area – to price levels fixed immediately after the halving.
After some time, the price returned above $ 9,000. Over the past 24 hours, BTC, which was recently approaching $ 10,000, fell by 5.6%.
BTC / USD, TradingView chart
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On Thursday, the size of the bitcoin mempool increased, that is, the total volume of unconfirmed transactions.
In the morning, a sharp surge returned this figure to the beginning of 2018. The average 7-day mempool size reached 68 MB – the highest value since the rally in late 2017 / early 2018.
At the time of publication, the mempool size was close to 85 MB, and the total number of unconfirmed transactions was 55 thousand.
The average transaction processing fee continues to grow. According to Bitinfocharts, on May 20 it exceeded $ 6.6.
The current processes in the Bitcoin network are directly related to the halving, according to the results of which the block reward has decreased by half – from 12.5 BTC to 6.25 BTC.
Against the background of a falling hash, the last recalculation also reduced the difficulty of mining Bitcoin, however, this has not yet helped to normalize the situation.
Recall, the day before, bitcoins came into motion, which in theory may belong to Satoshi Nakamoto.
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