Bitcoin Ulufale atu i le Fa'atamaita'i A'o Fa'alulu Gaoioiga Feso'otaiga

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Bitcoin Ulufale atu i le Fa'atamaita'i A'o Fa'alulu Gaoioiga Feso'otaiga

Bitcoin has seen a tremendous slow down in network activity following the market crash in mi-June. This drawdown was expected as a reduction in network activity usually follows a rush to get out of the digital asset during the decline. This lull has brought various metrics back towards normal territories and daily miner revenues remain drowsy during this time.

Fa'agesegese Gaoioiga Network

Ina ua uma le tau o bitcoin had crashed to $17,600, there was a rush to get out of the digital asset. This had led to a tremendous surge in network activity. Average transaction volume had shot up from around $18,000 to $37,000 during the past week as volatility rocked the market. Mostly, these moves were triggered by fear that the price of the cryptocurrency would continue to decline.

Related Reading | Holding Back The Bears: Why Bitcoin Must Break $22,500

However, as the price of bitcoin has stabilized, the network activity has begun to return to normal levels. This is seen in the average transaction value for this week which has fallen by almost 50% to return to the $18,000 level. Additionally, on-chain activity has now dropped so low that it has now entered what is referred to as a hibernation mode. 

O fefaʻatauaiga i le aso i luga o le upega tafaʻilagi ua faʻaitiitia foi ma le mautu e toe foʻi i tua i le maketi. O lenei numera sa i ai i le 252,382 i le averesi mo le vaiaso talu ai ae o lea ua nofo i le 242,737 o loʻo faʻatusalia ai le pa'ū -3.82%.

BTC price declines to $19,000 | Source: BTCUSD on TradingView.com

The same has been the case for the total daily transaction volumes. While investors had scrambled to exit their positions, daily transaction volumes had risen to more than $9 billion. However, with bitcoin stabilizing at around $20,000, this value has dropped to $4.4 billion, a 51.75% change from the prior week.

Bitcoin Miners Take Hits

Bitcoin miners have been one of the worse-hit when it comes to the changes that are happening in the market. An example is the daily miner revenues that are being recorded for the last couple of weeks.  It had declined significantly in the month of June, and there has been no recovery in sight.

O le vaiaso talu ai na vaaia ai le oʻo atu o tupe maua i aso taitasi i le $18.3 miliona i le aso, ma i le vaiaso talu ai, e leʻi tele se suiga. O le siitia o le 2.02% o lona uiga o tupe maua a tagata maina i aso taitasi na siitia i le $18.69 miliona, ae o le pasene na faia i pili na pa'ū i le 0.7%.

BTC hashrate declines | Source: Arcane Research

O lo'o susulu mai fo'i i totonu o le fa'asaosaoa lea na fai si fa'aletonu fo'i. Ina ua maeʻa ona ausia se maualuga fou i taimi uma i le amataga o le masina, o le paʻu ua faʻaalia i le taimi nei. O se taunuuga tuusaʻo o le faʻaitiitia o tupe maua, e aʻafia ai le fua o le gaosiga o poloka.

Faʻatau Fesootai | Bitcoin Fa'amauina Fa'atinoga Sili ona Mata'utia Mo Iuni, E Fa'asilisili Mai Lenei?

Ole numera o poloka na gaosia ile itula ile vaiaso talu ai na oʻo mai ile 5.85, ma talu ai ona o le faʻalavelave faʻafuaseʻi o loʻo faʻamoemoe e tumau le faʻavaivai ona o le maualalo o tupe maua, atonu e le tele foi le toe faʻaleleia o le gaosiga o poloka. O lenei pa'u ua fa'aliliuina fo'i i lalo tau ASIC.

Ma le mea mulimuli, o pili i le aso na matua pa'ū foi i lea taimi. Ina ua uma ona paʻi i le $ 437,159 i le vaiaso talu ai, o le pa'ū 28.59% na vaʻaia ai totogifuapauina i le aso mo le vaiaso talu ai na oʻo atu i le $312,191.

Ata fa'aalia mai Finbold, siata mai Arcane Research ma TradingView.com

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Punavai autu: NewsBTC