Bitcoin Network Strain Low Amid High Transaction Volume - Cryptovest
December 23, 2018 3:30 PM Discuss A look at Bitcoin's transaction volumes shows upward trends, but network congestion is not reflecting that. Although Bitcoin's price hasn't been much to look at in recent days, its infrastructure appears prepared to handle any number of transactions that enter the network. As many analysts have predicted, the BTC network's hashrate started to plateau, but even better news appears to be coming from data with regard to its 24-hour transaction volume and mempool, according to Mati Greenspan, senior market analyst at eToro, in an email to Cryptovest. The number of transactions on Bitcoin's blockchain continue to increase at a steady pace, now looking at an average TPS rate of about 2.9. Nonetheless, by looking at the number of unconfirmed transactions (mempool), we can see that there is virtually no strain on the network, he wrote.
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Bitcoin Price Pattern Suggests a Bounce May Be Coming
November 16, 2018 2:38 PM Discuss If past events are a guide, bitcoin (BTC) could in for a recovery rally in the short-term. Following Wednesday's 10 percent slump, the leading cryptocurrency printed an intraday low of $5,188 on Thursday, before closing largely unchanged on the day (as per UTC) at $5,580. The price swing formed what's termed a long-tailed doji candle on the daily chart, which is usually taken to represent indecision in the marketplace. The fact that the candle appeared at the bottom of the recent sell-off indicates the indecision is predominantly among the sellers and could be considered a sign of bearish exhaustion.
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