#Bitcoin is experiencing extremely high demand for blockspace, driven by BRC-20 tokens, utilizing text based inscriptions, and ordinals
This is a revenue boost for Miners, as the average fee paid per block has reached 2.905 $BTC, near past bull peaks.
A few recent blocks have seen tremendous total fees paid of 5.87 $BTC, approaching 94% of the 6.25 $BTC block subsidy - source
This is a revenue boost for Miners, as the average fee paid per block has reached 2.905 $BTC, near past bull peaks.
A few recent blocks have seen tremendous total fees paid of 5.87 $BTC, approaching 94% of the 6.25 $BTC block subsidy - source
The digital asset market continues to see remarkably little volatility, with the classic 20-day Bollinger Bands experiencing an extreme squeeze.
A price range of just 4.2% separates the upper and lower Bollinger bands, making this is the quietest #Bitcoin market since the lull in early January - source
A price range of just 4.2% separates the upper and lower Bollinger bands, making this is the quietest #Bitcoin market since the lull in early January - source
If we look at the degree of Profit/Loss realized by #Bitcoin Short-Term Holder volume flowing into exchanges, it becomes evident that these newer investors are trading local market conditions.
Each rally and correction since the FTX fallout has seen a 10k+ BTC uptick in STH profit or loss, respectively - source
Each rally and correction since the FTX fallout has seen a 10k+ BTC uptick in STH profit or loss, respectively - source