Bitcoin

ORDI

<h2 id="quick-take">Quick Take</h2>
<ul>
<li>This past week has been extremely wild in Bitcoin, with the emergence of <a href="https://cryptoslate.com/insights/brc-20-tokens-approach-1b-market-cap/">BRC-20</a> tokens surpassing a $500 billion market cap.</li>
<li>This has added momentum with Ordinals that started at the beginning of the year.</li>
<li><em>CryptoSlate</em> reported that miners received more Bitcoin in<a href="https://cryptoslate.com/wp-admin/post.php?post=323283&amp;action=edit"> transaction fees</a> than block rewards.</li>
<li>However, using Glassnode data, we can see the average fees paid per block has returned to 1.0 Bitcoin per block.</li>
<li>According to James Check analyst at Glassnode, &#8220;<span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">The average <a href="https://twitter.com/_Checkmatey_/status/1656052586179592192?s=20">Bitcoin</a></span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0"> fee paid per block has only surpassed the block subsidy on five occasions, with the latest event being this week.&#8221;</span></li>
</ul>
<figure id="attachment_324419" aria-describedby="caption-attachment-324419" style="width: 1800px" class="wp-caption aligncenter"><img class="wp-image-324419 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/avaerage.png" alt="Average Fee Paid Per Block: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/avaerage.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/05/avaerage-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/avaerage-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/avaerage-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/05/avaerage-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /><figcaption id="caption-attachment-324419" class="wp-caption-text">Average Fee Paid Per Block: (Source: Glassnode)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/bitcoin-mempool-starts-to-clear-as-fee-paid-per-block-falls-back-to-one/">Bitcoin mempool starts to clear as fee paid per block falls back to one</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

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

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