Fast Take
A compelling development emerged within the Bitcoin panorama in 2023, marked by two distinct spikes in mining charges – one in Might and the opposite in November. Each have been immediately correlated to a surge in Bitcoin inscriptions, with the Might frenzy subsiding after a month, whereas the November surge endured for about two months, extending into January.
Nonetheless, current on-chain knowledge reveals a notable shift—the whole quantity of Bitcoin charges is now on the lowest level since earlier than the November spike.
Presently, miners obtain about 50 BTC in charges, roughly $2.1 million, over double the charge quantity earlier than the November surge.
Apparently, from the angle of miner income, the share derived from charges – calculated as charges over the sum of charges and minted cash – has settled round 6%.
The put up From document highs to notable lows: Bitcoin charges after the inscription booms appeared first on CryptoSlate.
