โ๏ธ The fourth Bitcoin halving occurred
๐ On April 20, the fourth Bitcoin halving took place at block 840,000. The block reward was reduced from 6.25 to 3.125 $BTC. The block was mined by the mining pool ViaBTC.
๐ A significant portion of the requests for block 840,000 came from fans of memecoins and NFTs, who competed to create tokens and signatures in this block using the Runes protocol.
๐ผ 3,050 transactions were included in the "halving block," meaning that the average user paid just under $800 in transaction fees.
๐ Additionally, some users paid fees of 1, 2, and even 7 $BTC to be included in the historic 840,000 block, allowing miners to earn hundreds of thousands of dollars. ๐
๐ The reduction in rewards for miners is expected to positively influence the price of the leading cryptocurrency, especially if ETF funds continue to buy $BTC at the same rate. ๐
