Bitcoin (CRYPTO: BTC) transaction fees have significantly decreased, reaching a five-year low, according to CryptoQuant analyst Julio Moreno.
The drop comes after increased fees following the Bitcoin halving event and the launch of the Runes token standard, which initially caused a surge in transaction costs.
Despite the Runes’ substantial activity on April 20, which saw a trader paying over $500,000 in fees for a single transaction, the average fees have plummeted.
On Sunday, Moreno highlighted on X that the current average daily transaction fee on the Bitcoin network is lower than in late 2017 and early 2018, marking a notable shift.
Average #Bitcoin transaction fees coming …
Full story available on Benzinga.com
Bitcoin (CRYPTO: BTC) transaction fees have significantly decreased, reaching a five-year low, according to CryptoQuant analyst Julio Moreno.
The drop comes after increased fees following the Bitcoin halving event and the launch of the Runes token standard, which initially caused a surge in transaction costs.
Despite the Runes’ substantial activity on April 20, which saw a trader paying over $500,000 in fees for a single transaction, the average fees have plummeted.
On Sunday, Moreno highlighted on X that the current average daily transaction fee on the Bitcoin network is lower than in late 2017 and early 2018, marking a notable shift.
Average #Bitcoin transaction fees coming …
Full story available on Benzinga.com
Bitcoin (CRYPTO: BTC) transaction fees have significantly decreased, reaching a five-year low, according to CryptoQuant analyst Julio Moreno.
The drop comes after increased fees following the Bitcoin halving event and the launch of the Runes token standard, which initially caused a surge in transaction costs.
Despite the Runes’ substantial activity on April 20, which saw a trader paying over $500,000 in fees for a single transaction, the average fees have plummeted.
On Sunday, Moreno highlighted on X that the current average daily transaction fee on the Bitcoin network is lower than in late 2017 and early 2018, marking a notable shift.
Average #Bitcoin transaction fees coming …Full story available on Benzinga.com Read More$BTC, $ETH, bitcoin halving, BTC, Cryptocurrency, News, Top Stories, Markets, BTC, US2036121067, $ETH, $BTC, News, Cryptocurrency, Top Stories, Markets, Benzinga Markets
