TokenInsight: The decline in BTC computing power has increased network congestion and continued to slump in popularity

According to data from TokenInsight, the TI index, which reflects the overall performance of the blockchain industry, reported 713.93 points at 8 o’clock on July 19, Beijing time, which is an increase of 1.76 points or 0.25% from the same period yesterday. In addition, among the 10 major industries that TokenInsight pays close attention to, the decentralized industry has the highest increase in 24 hours, with an increase of 9.36%; the governance protocol industry has the highest decrease in 24 hours, with a decrease of 3.56%. According to monitoring, the 24h BTC turnover was $12.1 billion, the number of active addresses increased by 4.08% from the previous day, and the number of transfers decreased by 0.95% from the previous day. Coinwalle analyst Jeffrey believes that the decline in BTC’s computing power has caused network congestion to increase, and popularity continues to be sluggish. It may consolidate in the short term.