Bitcoin transaction costs decrease following halving rise.

[{"selector":"#anim-0ef494c6-9fbd-49e5-aa94-9c200fd9b4f0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

[{"selector":"#anim-41513bb1-a3ca-44e4-85b7-acfd9849ecd4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-5495bcf4-88c2-44ea-a560-9553b46a088c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] In an unexpected turn of events, Bitcoin transaction fees dropped the day after reaching a historic high

[{"selector":"#anim-3f6604d9-0e56-4623-b96f-7f6377ae6e9a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(17.368421258698532%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e8ae4c64-28d6-4e79-a4ce-1b232622f02f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Just a moment ago, on April 20, Bitcoin transaction costs soared to an average of $128.

[{"selector":"#anim-170a833c-ff92-4793-9d46-930111bc9989 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-0cff8d31-4969-4d78-a461-050534a36c77","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Fast forward 24 hours, and the fees have dropped to a more manageable $8-$10 for medium-priority transactions.

[{"selector":"#anim-eab09ec2-f539-485d-addd-0bed8bc5a4df [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-704f094c-db7a-452c-9137-864e3b8c3486","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Mempool.space, a service that provides real-time data on Bitcoin transactions

[{"selector":"#anim-1488bb38-3caf-4160-b7a2-cd2a278df1f6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d17fc70d-2462-40e0-afcf-39e2090af69c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(11.837819250485488%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] reported this significant drop, in stark contrast to the fever-pitched prices just the day before.

[{"selector":"#anim-832ade9b-f1d7-4593-b3c5-de08bea78f97 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-0f25c459-ec62-4892-bcbf-a749823ea07d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] On April 20, Bitcoin fees skyrocketed to $78.3 million, outpacing Ethereum's collections by more than 24 times, as reported by Crypto Fees.

[{"selector":"#anim-7a48e6f9-f7fd-4b77-bae8-a7f8c28eeb51 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-10.661916837394251%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-da87f1a9-0644-4cf1-b09f-00351652480b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The halving event, a crucial milestone in the Bitcoin ecosystem, took place on the same day

[{"selector":"#anim-353a5cf1-de96-4cd3-a5a3-18981acc5d3f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-77b11bcb-fe7f-445e-aad6-9f220118e806","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] decreasing the reward for mining new blocks in half, from 6.25 to 3.125 BTC.

Bitcoin transaction costs decrease following halving rise.

The April 12, 2024 Edition of Your Daily FinanceScope

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