Bitcoin Price Reclaims $66,000, Ethereum Sees Modest Gains
After BTC HalvingBitcoin reclaimed $66,000 Monday, while Ethereum saw its own modest gains, following the fourth BTC halving event on Friday.
At the time of writing, the Bitcoin price is up 1.6% in the past day, hovering around $66,000 after having reclaimed that milestone for the first time in a week.
The cryptocurrency's block reward halving, which occurred on Friday, saw the reward paid to Bitcoin miners reduced from 6.25 to 3.125 BTC. Although it's usually the catalyst for bullish price action, the effect isn't always immediate.
There's one thing that did change right after the halving: Bitcoin transaction fees. For a short time over the weekend, the average fee to send BTC soared to an all-time high of $127 according to Bitinfo Charts. That's largely down to the launch of Casey Rodarmor's Runes protocol.
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