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Dormant 2012 Bitcoin Wallet Awakens, Moves a Notable 1,000 BTC Worth $60 Million

Dormant 2012 Bitcoin Wallet Awakens, Moves a Notable 1,000 BTC Worth  MillionAccording to onchain data, a dormant bitcoin wallet created 11 years and nine months ago on Sept. 25, 2012, has transferred 1,000 bitcoins valued at $60 million to an unknown wallet for the first time. 11-Year-Old Bitcoin Wallet Transfers 1,000 BTC for the First Time An old BTC wallet established on Sept. 25, 2012, moved […]

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Transaction Fees Soar on Bitcoin Network as Network Braces for Halving

Transaction Fees Soar on Bitcoin Network as Network Braces for HalvingAccording to recent data, bitcoin transaction fees have significantly increased since the first week of April. Metrics show that the average fee has escalated to 133 satoshis per virtual byte or $19.48 per transaction. Bitcoin Fees Climb Steadily as Runes Protocol Launch Nears The cost of sending bitcoin (BTC) onchain is climbing, with the halving […]

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Bitcoin’s Hash Price Soars as Average Network Fees Spike by 288%

Bitcoin’s Hash Price Soars as Average Network Fees Spike by 288%According to the latest data, bitcoin has been trading above the $67,000 mark, with average network transaction fees experiencing a 288% increase from $3 to $11.64 since Feb. 25, 2024. Meanwhile, BTC has consistently stayed over the $60,000 level for eight straight days, elevating the daily value of one petahash per second (PH/s) of mining […]

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From Low to High — Bitcoin Fees Jump Over 129% in 4 Days

From Low to High — Bitcoin Fees Jump Over 129% in 4 DaysAfter a short period of diminished onchain network fees, the expense of sending bitcoin has begun climbing once more, hitting a midweek average of 73.3 satoshis per virtual byte (sats/vB) or $11.48 for each transaction. Currently, a backlog of 207 mempool blocks is pending, waiting to process about 134,000 unconfirmed transactions, a situation that has […]

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