Bitcoin

Our monthly Bitcoin review. Once again, notice what happens after 50% of the Bitcoin miners declared bankruptcy. Those average confirmation time spikes are transactions which timed out after 14 days trapped in the mempool queue.

See how those spikes keep coming now? Bitcoin has been dropping around 1% of transactions for the past year.

Notice how the Trump bump in price also increased the mempool count from 150K to 250K? Bitcoin is now dropping about 2% of its transactions.

And at $91K, miners are still losing about $2 billion per year.

Oh, well.