In block 840000, on Friday night, the block subsidy fell by half, from 6,25 to 3,125. This scheduled change in issuance schedule has historically provided a complex time for miners and a medium-term bullish catalyst for BTC.
The hype and speculation of a new protocol called Runes, which debuted on the halving block, led to a hyperbolic increase in transaction fees over the next 24 hours.
Exceeding US$128 on average, on-chain movement fees reached the highest value in their history.
Written by caueconomy
