Bitcoin

<h2 id="quick-take">Quick Take</h2>
<ul>
 <li>On May 8, <em>CryptoSlate</em> reported that <a href="https://cryptoslate.com/insights/brc-20-tokens-approach-1b-market-cap/" rel="noopener noreferrer nofollow">BRC-20 tokens</a> hit a $1 billion market cap due to the soaring Bitcoin fees that miners were receiving.</li>
 <li>Yesterday, <em>CryptoSlate</em> <a href="https://cryptoslate.com/research-bitcoin-inscriptions-might-have-run-their-course/" rel="noopener noreferrer nofollow">reported</a> that inscriptions might have run their course, with the average fee paid per block down from six Bitcoin to one Bitcoin.</li>
 <li>BRC-20 tokens now have around $385 million in market cap — which has seen a substantial market cap drop in the past few days.</li>
</ul>
<figure style="width: 1200px" class="wp-caption aligncenter"><img src="https://cryptoslate.com/wp-content/uploads/2023/05/BRC20.jpg" alt="BRC-20: (Source: BRC20)" width="1200" height="271">
 <figcaption>
  BRC-20: (Source: BRC20)
 </figcaption>
</figure>
<figure style="width: 1630px" class="wp-caption aligncenter"><img src="https://cryptoslate.com/wp-content/uploads/2023/05/feeee.jpg" alt="Average fee paid per block: (Source: Glassnode)" width="1630" height="939">
 <figcaption>
  Average fee paid per block: (Source: Glassnode)
 </figcaption>
</figure>
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com/insights/brc-20-tokens-lose-600-million-in-market-cap-within-four-days/">BRC-20 tokens lose 600 million in market cap within four days</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

BRC-20 tokens lose 600 million in market cap within four days

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