Bitcoin Transfer Estimate Reaches $5.5 Billion as Daily Fees Fall 8.8%

Bitcoin (BTC) recorded an estimated $5.5 billion in transfers between distinct entities in the latest on-chain snapshot, a 25.9% increase from seven days earlier as fees and active addresses declined. The report covers the week through Oct. 25. Daily transaction fees paid to miners were $185,200, down 8.8% from $203,200 seven days earlier. Daily active addresses dropped 2.2% to 615,200, compared with 629,300 in the earlier reading. Entity-adjusted transfer volume estimates the dollar value sent between distinct entities after excluding movements among addresses grouped under one entity. It does not measure trading on exchanges.

Source: TokenPost