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Author: Admin | 2025-04-28
Daily confirmed Bitcoin payments fell to a yearly low on December 26, a pattern typical of the holiday season’s market illiquidity. Blockchain.com data revealed that confirmed Bitcoin transactions sank to 623,434, the lowest point in 2024. Confirmed BTC payments are transactions ...Daily confirmed Bitcoin payments fell to a yearly low on December 26, a pattern typical of the holiday season’s market illiquidity. Blockchain.com data revealed that confirmed Bitcoin transactions sank to 623,434, the lowest point in 2024. Confirmed BTC payments are transactions successfully added to the blockchain, making them immutable. The metric is often used to gauge activity and reflect on investor engagement levels within the Bitcoin network. The December 26 figures mark a stark contrast to December 17, when Bitcoin’s all-time high price of $108,000 prompted over 857,000 confirmed payments, 37% more than the recent low. Bitcoin chart patterns and analyst insights Looking at Blockchain.com’s chart, Bitcoin payments’ highs and lows this month typically followed the trend of the crypto’s price. Payments peaked when BTC hit its all-time high value of $108,000 around December 17 and 18 but fell when the price retreated downwards to lows of $94,000. In the last 30 days, the highest number of BTC recipients was seen at the end of November, clocking almost 1.2 million. At the time, the largest crypto by market cap was changing hands at around $96,000, and it seemed that the market had a lot of FOMO as investors were anticipating the coin could reach $100,000 soon. BTC confirmed payments per day in December. Source: Blockchain.com Given the low tally in payments, crypto enthusiasts could be stocking up on BTC, hoping it will surge even higher than the November-December price rally. Meanwhile, Bitcoin’s social sentiment has declined, with the ratio of positive to negative comments dropping to 4:5, the lowest
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