Almost 70% of Bitcoin Transactions Are Made by Runes
Following the Bitcoin network’s halving event on April 20, a new token standard called Runes has become dominant, accounting for more than two-thirds of all Bitcoin transactions.
Following the Bitcoin network’s halving event on April 20, a new token standard called Runes has become dominant, accounting for more than two-thirds of all Bitcoin transactions.
On Monday, Magic Eden launched their new platform for Bitcoin Runes, called the Runes Platform.
JPMorgan CEO Jamie Dimon stated that Bitcoin lacks the necessary qualities to be considered a currency.
The Bitcoin network has recently seen a rise in transaction fees, with the average reaching over $16 according to a 7-day moving average.
Analysts at analyst and brokerage firm Bernstein expect Bitcoin to resume its upward trajectory after halving.
The GBTC crypto exchange-traded fund (ETF) has seen large amounts of money and Bitcoin being removed from its holdings on Friday, April 12.
Renowned investor and billionaire Tim Draper has high expectations for the value of the first cryptocurrency, predicting that it will triple to $250,000 by the end of the year.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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