Bitcoin is not gold, and it also has shortcomings in terms of payments.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Reported by Bijie Network: Bitcoin is facing challenges in its dual role as a store of value and payment network, with on-chain activity dropping to its lowest level 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, the price of Bitcoin fell back to around $87,500, dragging down the memecoin and metaverse sectors. In contrast, tokens pegged to gold, such as PAXG and XAUT, have risen in tandem with the spot precious metals prices.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
August US Retail Sales Rise More Than Expected, Ex-Auto Sales Accelerate
MT newswire•2026/09/16 12:44
Twist Bioscience Collaborating With Eli Lilly's TuneLab to Accelerate Antibody Drug Discovery
MT newswire•2026/09/16 12:40
September New York Fed Services Index Falls More Than Expected
MT newswire•2026/09/16 12:38
Precore Gold Finishes Magnetic Survey at its Arikepay Gold Project
MT newswire•2026/09/16 12:37
Crypto prices
MoreBitcoin
BTC
$75,894.24
-1.30%
Ethereum
ETH
$2,406.36
-2.82%
Tether USDt
USDT
$0.9991
-0.05%
BNB
BNB
$712.54
-0.86%
XRP
XRP
$1.28
-8.82%
USDC
USDC
$0.9999
+0.00%
Solana
SOL
$97.41
-3.49%
TRON
TRX
$0.3347
-1.06%
Zcash
ZEC
$1,213.61
+7.57%
Hyperliquid
HYPE
$78.5
-0.96%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now