This morning at 8:09, Bitcoin completed its fourth halving at block height 840,000. The block reward has been reduced from 6.25 BTC to 3.125 BTC. The block was mined by the ViaBTC mining pool, with a total reward of 40.751 BTC, worth approximately $2,601,886.
(Source: mempool)
After the halving, the BTC NFT ecosystem will be affected. PlanB firmly stated that the bull market is not over and BTC will rise above $300,000 after the halving.
This morning at 8:09, Bitcoin successfully completed its fourth halving at block height 840,000! According to Bitcoin block explorer mempool information, the block reward on the Bitcoin network has been halved from 6.25 BTC to 3.125 BTC. The first block with 3.125 BTC was mined by the ViaBTC mining pool.
It is worth noting that the transaction fees for this block reached as high as 37.626 BTC, worth approximately $2,402,358, with the highest fee being 3,604,819 sat/vB, setting a new record. The total reward for this block is 40.751 BTC, worth approximately $2,601,886.
(Source: mempool)
Bitcoin network’s high priority fee exceeds 185 sat/vB.
The surge in transaction fees is estimated to be related to the activation of the Runes protocol, which coincided with the Bitcoin halving. Leonidas, the developer of Ordinls and founder of Runestone, stated that the meme coin DOG•GO•TO•THE•MOON, airdropped to Runestone, was engraved in a transaction with a fee of 1,258,757 sat/vB.
Furthermore, mempool data shows that the current transaction fees on the Bitcoin network are as follows: no priority fee is 20 sat/vB ($1.96), low priority fee is 1,396 sat/vB ($124.07), medium priority fee is 1,787 sat/vB ($158.82), and high priority fee is as high as 2,084 sat/vB ($185.21).
(Source: mempool)
Bitcoin oscillates around $64,000.
At the moment of Bitcoin’s halving, the price was around $63,900. Currently, it is fluctuating between $63,000 and $64,000, with a closing price of $63,228.01, a 1.15% increase in the past 24 hours.
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