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Onchain Fees for Bitcoin Drop to Six-Month Low

Bitcoin.com
Onchain Fees for Bitcoin Drop to Six-Month Low
Bitcoin
Onchain Fees for Bitcoin Drop to Six-Month LowBitcoin transaction fees have reached their lowest point since early November 2023, roughly six months ago. The average fee is now about $2.77 per transaction, with low-priority to high-priority transfers costing between $0.38 and $0.95 per transaction on May 24. Bitcoin Transfer Fees Reach Lows Not Seen Since November 2023 Transferring BTC onchain is now […]
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Ethereum shorter gains .1M on 50X leverage in 2 days

Ethereum shorter gains $1.1M on 50X leverage in 2 days

Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTC

Bitcoin.com
Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTC
Bitcoin Fees
Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTCIn the last 24 hours, bitcoin miners have faced significantly reduced earnings, with the current hashprice lingering at a significant low. Just five days ago, miners were harvesting an average of 5.105 BTC per block, between a blend of new BTC and transaction fees, following a peak in the hashprice. However, the average yield per […]
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Ethereum shorter gains .1M on 50X leverage in 2 days

Ethereum shorter gains $1.1M on 50X leverage in 2 days

Post-Halving Fallout: Bitcoin Hashprice Slides 30%, Miners’ Earnings Hit

Bitcoin.com
Post-Halving Fallout: Bitcoin Hashprice Slides 30%, Miners’ Earnings Hit
Bitcoin Fees
Post-Halving Fallout: Bitcoin Hashprice Slides 30%, Miners’ Earnings HitFollowing a peak in onchain fees, bitcoin miners experienced a significant decline in the hashprice, which fell from a daily rate of $114 per petahash on Sunday to a markedly lower $79 per petahash by Tuesday. To date, the network’s hashrate has experienced a modest decline, though nothing too substantial yet, following the completion of […]
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Ethereum shorter gains .1M on 50X leverage in 2 days

Ethereum shorter gains $1.1M on 50X leverage in 2 days

Bitcoin Miner Rewards Shrink Below Pre-Halving Levels as Network Fees Fall Sharply

Bitcoin.com
Bitcoin Miner Rewards Shrink Below Pre-Halving Levels as Network Fees Fall Sharply
Bitcoin Fees
Bitcoin Miner Rewards Shrink Below Pre-Halving Levels as Network Fees Fall SharplyAfter experiencing a period of high fees, onchain transfer costs on the Bitcoin network have decreased significantly. On Friday, the fees peaked at $240 per transaction, but by now they have fallen to just $11.06 each. Since reaching block height 840,179, miners are now earning less bitcoin in rewards compared to before the halving event […]
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Ethereum shorter gains .1M on 50X leverage in 2 days

Ethereum shorter gains $1.1M on 50X leverage in 2 days

93 Blocks, $71 Million in Fees: Bitcoin Mining Revenue Booms Post-Halving

Bitcoin.com
93 Blocks, Million in Fees: Bitcoin Mining Revenue Booms Post-Halving
Bitcoin Fees
93 Blocks, Million in Fees: Bitcoin Mining Revenue Booms Post-HalvingSince the halving, miners have successfully extracted 93 blocks, accumulating a significant 1,087.99 bitcoins valued at approximately $71.04 million solely from transaction fees. As of 2:00 p.m. EDT on Saturday, the current metrics indicate a high-priority transaction cost of 492 satoshis per virtual byte (sat/vB), equivalent to $44.83 per transfer. Bitcoin Mining Landscape Transforms With […]
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Ethereum shorter gains .1M on 50X leverage in 2 days

Ethereum shorter gains $1.1M on 50X leverage in 2 days

Bitcoin Halving, Runes Proliferation Results in Historic Fee Increases, Crypto Community Reacts

Bitcoin.com
Bitcoin Halving, Runes Proliferation Results in Historic Fee Increases, Crypto Community Reacts
Bitcoin Fees
Bitcoin Halving, Runes Proliferation Results in Historic Fee Increases, Crypto Community ReactsFollowing the Bitcoin halving event, onchain fees climbed to over $240 per transaction just an hour later, and as of now, a high-priority transfer costs between $52 and $78 per transaction at 10:30 a.m. Eastern Time on Saturday. The increasing fees have prompted a flood of comments from individuals in the crypto space, as this […]
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Ethereum shorter gains .1M on 50X leverage in 2 days

Ethereum shorter gains $1.1M on 50X leverage in 2 days

Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion

Bitcoin.com
Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion
Bitcoin
Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid CongestionIn the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed transactions reached an all-time high of over 500,000 transfers, causing a major backlog. However, as of today, that number has been reduced to 263,406. Currently, 184 blocks need to be cleared to […]
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Ethereum shorter gains .1M on 50X leverage in 2 days

Ethereum shorter gains $1.1M on 50X leverage in 2 days

Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%

Bitcoin.com
Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%
Bitcoin
Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system. However, the good news is that the congestion has been clearing, resulting in a significant reduction in onchain fees, which have now dropped below $5. As of now, there are only slightly over […]
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Ethereum shorter gains .1M on 50X leverage in 2 days

Ethereum shorter gains $1.1M on 50X leverage in 2 days

Bitcoin’s Average and Median-Sized Network Fees Rose 40% Higher in March

Bitcoin.com
Bitcoin’s Average and Median-Sized Network Fees Rose 40% Higher in March
150 bitcoin
Bitcoin’s Average and Median-Sized Network Fees Rose 40% Higher in MarchIn March 2023, Bitcoin’s average and median-sized fees jumped more than 40% higher after rising 122% in 10 days during the first week of February. The fees have followed the Ordinal inscription trend as more than 662,000 inscriptions reside on the Bitcoin blockchain, and 150 bitcoin worth $4.2 million have been added to fees. Bitcoin […]
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Ethereum shorter gains .1M on 50X leverage in 2 days

Ethereum shorter gains $1.1M on 50X leverage in 2 days

Arbitrum’s Daily Transaction Count Surpasses Ethereum for the First Time Ever

Bitcoin.com
Arbitrum’s Daily Transaction Count Surpasses Ethereum for the First Time Ever
Arbitrum
Arbitrum’s Daily Transaction Count Surpasses Ethereum for the First Time EverAccording to statistics recorded this week on Tuesday and Wednesday, the layer two scaling project Arbitrum’s transaction count has surpassed Ethereum’s. On Wednesday, Arbitrum processed 1,090,510 transactions, compared to Ethereum’s 1,080,839 transfer count. L2 Scaling Solution Arbitrum’s Daily Transfers Skyrocket Layer two (L2) scaling networks have become popular over the last two years as secondary […]
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Ethereum shorter gains .1M on 50X leverage in 2 days

Ethereum shorter gains $1.1M on 50X leverage in 2 days

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