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Bitcoin transactions drop 55% as traders move elsewhere

The bitcoin network’s activity has dropped, with the 7-day moving average of transactions falling to 330,000, a 55% decrease from its peak of 730,000 over the past year.
These trends highlight bitcoin’s return to its original role as a monetary transfer system, while other blockchains capture niche markets.

The decline raises concerns about bitcoin’s fee-based model and long-term sustainability as block rewards shrink.

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