Bitcoin is reportedly experiencing a Distributed Denial-of-Service (DDoS) attack, causing transaction fees to rise and prices to fall. The attack is believed to be carried out through spam transactions that are clogging up the network and inconveniencing users. The unconfirmed transactions in the memory pool currently exceed 466,000 and are mostly from the Bitcoin Ordinals platform generated from UniSat. Analysts are concerned that the surge in transactions could indicate a potential coordinated sabotage by malicious entities, aiming to cause instability and unreliability in the Bitcoin network. Meanwhile, prices are approaching critical support levels and the cryptocurrency market is experiencing significant volatility.
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