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Bitcoin mempool starts to clear as fee paid per block falls back to one

May 11, 2023
in Crypto Exchanges
Reading Time: 1 min read
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Fast Take

This previous week has been extraordinarily wild in Bitcoin, with the emergence of BRC-20 tokens surpassing a $500 billion market cap.
This has added momentum with Ordinals that began initially of the yr.
CryptoSlate reported that miners obtained extra Bitcoin in transaction charges than block rewards.
Nevertheless, utilizing Glassnode knowledge, we are able to see the typical charges paid per block has returned to 1.0 Bitcoin per block.
In line with James Examine analyst at Glassnode, “The typical Bitcoin payment paid per block has solely surpassed the block subsidy on 5 events, with the newest occasion being this week.”

Average Fee Paid Per Block: (Source: Glassnode)
Common Price Paid Per Block: (Supply: Glassnode)

The put up Bitcoin mempool begins to clear as payment paid per block falls again to at least one appeared first on CryptoSlate.

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Tags: BitcoinBlockClearFallsFeemempoolPaidStarts
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