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 id="attachment_324785" class="wp-caption aligncenter"><img class="wp-image-324785 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/BRC20.jpg" alt="BRC-20: (Source: BRC20)" width="1200" height="271"><figcaption id="caption-attachment-324785" class="wp-caption-text"> BRC-20: (Source: BRC20) </figcaption></figure><figure id="attachment_324786" class="wp-caption aligncenter"><img class="wp-image-324786 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/feeee.jpg" alt="Average fee paid per block: (Source: Glassnode)" width="1630" height="939"><figcaption id="caption-attachment-324786" class="wp-caption-text"> Average fee paid per block: (Source: Glassnode) </figcaption></figure><p>The post <a href="https://cryptoslate.com/insights/brc-20-tokens-lose-600-million-in-market-cap-within-four-days/" rel="noopener noreferrer nofollow">BRC-20 tokens lose 600 million in market cap within four days</a> appeared first on <a href="https://cryptoslate.com" rel="noopener noreferrer nofollow">CryptoSlate</a>.</p>

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

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