Bitcoin transaction fees hit six-month high, outpacing Ethereum By Investing.com
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Driven by the growing interest in Ordinals NFTs, Bitcoin transaction fees have soared to a six-month high, eclipsing ‘s transaction fee earnings for the first time in three years. Data from IntoTheBlock reveals a significant increase in fees over both one and three-month periods. Although these fees remain lower than the peak on May 8 and the all-time high in December 2017, this surge comes as a critical shift for Bitcoin miners. As they anticipate reduced rewards from the upcoming halving event, the increased transaction fees offer potential compensation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters
Driven by the growing interest in Ordinals NFTs, Bitcoin transaction fees have soared to a six-month high, eclipsing ‘s transaction fee earnings for the first time in three years. Data from IntoTheBlock reveals a significant increase in fees over both one and three-month periods. Although these fees remain lower than the peak on May 8 and the all-time high in December 2017, this surge comes as a critical shift for Bitcoin miners. As they anticipate reduced rewards from the upcoming halving event, the increased transaction fees offer potential compensation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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