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CryptoIntelligence 2024-04-21 12:10:44

Bitcoin Fees Overtake Ethereum as Market Anticipates Halving and Launch of New Token Standard, Runes

Bitcoin Fees Overtake Ethereum as Market Anticipates Halving and Launch of New Token Standard, Runes

Recently, Bitcoin (BTC) has experienced a surge in transaction fees, surpassing Ethereum (ETH) for three consecutive days as the market anticipates the upcoming Bitcoin halving and the launch of Runes, a new Bitcoin token standard. On April 17, Bitcoin miners collected $7.47 million in transaction fees, which was slightly higher than the $7.31 million that Ethereum stakers earned on the same day, as reported by Crypto Fees. This increase in fees for Bitcoin continued from April 15 to 16, where Bitcoin miners earned $9.98 million and $5.91 million, respectively, outpacing Ethereum by significant margins. Despite these figures, Ethereum still holds

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