Bitcoin's dual role as a store of value and a payment network is facing difficulties, with on-chain activity dropping to its lowest levels since mid-2025. The average daily confirmed payment volume over the past 30 days has fallen to 748,368 transactions, the lowest since July, while the mempool remains sparse. After the Federal Reserve decided to keep interest rates unchanged, Bitcoin's price retreated to around $87,500, dragging down memecoin and metaverse sectors. In contrast, tokens linked to physical precious metals, such as PAXG and XAUT, which move in tandem with spot gold prices, also rose accordingly.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin's dual role as a store of value and a payment network is facing difficulties, with on-chain activity dropping to its lowest levels since mid-2025. The average daily confirmed payment volume over the past 30 days has fallen to 748,368 transactions, the lowest since July, while the mempool remains sparse. After the Federal Reserve decided to keep interest rates unchanged, Bitcoin's price retreated to around $87,500, dragging down memecoin and metaverse sectors. In contrast, tokens linked to physical precious metals, such as PAXG and XAUT, which move in tandem with spot gold prices, also rose accordingly.