📉 Bitcoin transaction fees fall
On July 7, Bitcoin transaction fees fell to $38.69, a new low since 2020. This drop in transaction costs is mainly attributed to the reduction in demand for block space and data volume.
🔍 Data details
According to the data:
Bitcoin miners processed 673,752 transactions on the Bitcoin network.
Transaction volume composition:
BTC accounts for 89.7%
Ordinals account for 0.7%
BRC-20 accounts for 4.1%
Runes account for 5.4%
