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Bitcoin mempool starts to clear as fee paid per block falls back to one

GameFi
By Press
0

Quick Take

  • This past week has been extremely wild in Bitcoin, with the emergence of BRC-20 tokens surpassing a $500 billion market cap.
  • This has added momentum with Ordinals that started at the beginning of the year.
  • CryptoSlate reported that miners received more Bitcoin in transaction fees than block rewards.
  • However, using Glassnode data, we can see the average fees paid per block has returned to 1.0 Bitcoin per block.
  • According to James Check analyst at Glassnode, “The average Bitcoin fee paid per block has only surpassed the block subsidy on five occasions, with the latest event being this week.”
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Average Fee Paid Per Block: (Source: Glassnode)

The post Bitcoin mempool starts to clear as fee paid per block falls back to one appeared first on CryptoSlate.

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