Bitcoin Trading Stability Amid High Network Congestion

I see that Bitcoin is currently valued at $116,551, which is approximately ₽9,297,293. The price has remained stable over the past hour, with no change recorded. The Bitcoin network is experiencing high congestion, with 86,156 transactions awaiting confirmation, indicating strong network activity and potential transaction delays. The best available bid to buy Bitcoin is ₽9,201,315, with no change, while the best asking price is ₽9,496,643, showing a 2.1% increase. This spread suggests that there is some bullish sentiment among sellers, but the high network congestion might impact transaction speed and costs. From a technical and market perspective, the stable price in the short term coupled with high network activity points to a robust interest in Bitcoin. The difference between buy and sell prices hints at potential upward pressure if buying demand continues to outpace selling pressure, but network congestion could temporarily hinder efficient trading. Investors should consider monitoring transaction confirmation times and network fees, as these are critical indicators of network health and trading costs. Updating and verifying current rates regularly will help in making more informed trading decisions. Overall, the market appears to be stable in price but with underlying activity that warrants cautious optimism.