As Crypto Interest Winds Down Bitcoin’s Daily Transaction Rate Plummets to Two-Year Lows – Bitcoin News

Onchain data indicates that bitcoin transactions per day have plummeted to lows not seen since October 2018. Further, bitcoin transaction fees have dropped 93% after touching a high of $62 per transaction in April 2021.

Bitcoin Daily Transaction Rate Dips by 35%, Google Trends Data Shows Interest Has Dropped Since May

While bitcoin (BTC) prices have dropped to lower bound ranges, after touching an all-time high over $64K per coin, the number of daily transactions has dive-bombed as well.

How To Get Free Crypto  

In fact, daily BTC transactions have been plummeting since the first week of 2021, as statistics show a high of 387K transactions on January 6. Data from indicates that the number of bitcoin transactions confirmed on June 3 was around 249K. Between the first week of January up until now, daily transactions have slipped by more than 35%.

Statistics from indicate daily transaction rates are as low as they were in October 2018. stats show on June 7, the BTC network processed around 221,624 transactions on Monday. From February 14 to April 28, 2021, the Bitcoin Cash (BCH) network outpaced the BTC chain’s daily transaction rate during that time span.

Today, the BCH chain has a lower daily transaction count than BTC, as current daily stats for June 7 show, BCH has processed around 68,973 transactions. BTC transactions per day have not been this low since October 2018, as daily transactions have been consistently higher since then.

BTC’s highest daily transaction rate has only tapped 478K confirmed transactions, while BCH broke over two million confirmed transactions per day during the first week of September 2018. In addition to BTC transactions per day dropping to 2018 levels, bitcoin fees have slid as well during the last few weeks.

Coinbase Banner  

On April 21, 2021, the average BTC transaction fee hit a high of $62.79 per transaction according to The same ycharts’ data set shows fees are down to $4.38 per transaction today.

Worldwide Google Trends data for the search query “bitcoin.”

The lack of interest in bitcoin and cryptocurrencies, in general, may have contributed to the daily transaction levels dipping to 2018 levels. The search query “bitcoin” touched an all-time high on Google Trends in May with a score of 100, but the worldwide search trend has dipped to 52 on June 5.

Daily transactions for a great number of the top digital assets including BTC, ETH, DOGE, XRP, LTC, and BCH have all dipped significantly. While XRP transactions did dominate Ethereum’s daily confirmed rate during the first few months of 2021, the ETH chain is now ahead of XRP in terms of daily transactions confirmed.

What do you think about BTC transactions dropping to 2018 levels? Let us know what you think about this subject in the comments section below.

FreeBitcoin Banner  
Tags in this story
2018 levels, BCH, Bitcoin, Bitcoin (BTC), bitcoin cash, Bitcoin Transactions, BTC, Confirmed Transactions, data, ETH, Fees, Google trends, LTC, Onchain data, Stats, Transaction Fees, transactions, Transactions per day, XRP, ycharts

Image Credits: Shutterstock, Pixabay, Wiki Commons, Google Trends,,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

Go to Source
Author: Jamie Redman

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.