Bitcoin Inscription Craze Fades As Miner Fees Plunge
Submitted by Anonymous (not verified) on Thu, 02/01/2024 - 21:20On-chain data shows the Bitcoin Inscription craze is dying as the miner revenue from transaction fees has plunged.
On-chain data shows the Bitcoin Inscription craze is dying as the miner revenue from transaction fees has plunged.
On-chain data shows the Bitcoin daily transaction fees jumped 35x during 2023, leading to BTC flipping Ethereum in the metric.
On-chain data shows the Bitcoin transaction fee surpassed that of Ethereum during the last week as it hit a total of $61 million.
On-chain data shows a Bitcoin whale has just made a transaction with a network fee of a whopping $3.1 million attached.
Data shows the current Bitcoin cycle is the first one in the history of the cryptocurrency to deviate from an established pattern of transaction fe
On-chain data shows a growth in Litecoin activity, suggesting that Bitcoin investors may be using LTC for taking advantage of its cheap transfers.<
Data shows the Bitcoin transaction fees has now fallen down to levels not seen since April 2020, which was right after when the pandemic began.
Data shows the Bitcoin bear environment has caused the market to become inactive as transaction fees continues to be extremely low.
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