🔥Bitcoin's on fire, folks!🔥 Transaction costs are soaring, hitting an average of $8.50 each. Why? Looks like our pals at Ordinals are back in action.

• Daily Ordinals inscriptions have rocketed to over 162,000, compared to the monthly average of 90,280.

• The daily inscription fee spend is at a whopping $1.24 million - a monthly high.

But it's not just Ordinals stirring the pot. The upcoming Bitcoin halving and the activation of the "Runes" protocol are also playing their part.

• Halving will slash Bitcoin's supply inflation rate in half in about a week.

• The "Runes" protocol, a new token standard on Bitcoin, is expected to drive trading activity and potentially push fees over $30 each.

But hey, it's not all doom and gloom. High fees = higher revenues for miners, which is a silver lining, especially with the halving on the horizon.

What's your take on this? Is the fee surge a temporary blip or a sign of things to come? Let's chat below! 👇 #Bitcoin #Ordinals #Halving #Fees #CryptoNews