Bitcoin recently saw a meteoric rise in value over the past 30 days, but soon endured a major correction and saw its value drop from $7,500 to $6,407.62 at press time. The bitcoin dominance index dropped from over 62 percent to 53.4 percent following the “death” of the SegWit2x hard fork.
The cryptocurrency has seen better days, as according to Blockchain.info there are now 115,003 unconfirmed transactions, meaning the mempool has once again surpassed the 100 million byte mark – which hasn’t happened for nearly three months. According to tradeblock, these unconfirmed transactions amount to 110,611 BTC, worth over $700 million, weighting about 36 MB.
