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Transaction fee explosion after halving: Record in Bitcoin history The 840,000th block in which the Halving took place paid much more transaction fees than usual. The fees paid in the blocks following the Halving block also reached millions of dollars. A total of $54 million has been spent on transaction fees in less than 24 hours. The previous daily record was $24 million. How did this situation arise? After Bitcoin's fourth block reward halving, which occurred at 3:09 a.m., a transaction fee war ensued. In the 840,000th block where the halving occurred, rewards dropped from 6.25 BTC to 3,125 BTC, while transaction fees reached 37,626 BTC ($2.4 million), more than 10 times higher. This was also a record in Bitcoin history for the ratio of transaction fees to block reward. So why was the total transaction fee paid in the halving block so high when the previous block had a total transaction fee of 1 BTC? The answer lies in the Runes protocol, which was launched alongside the halving. Runes is a new protocol created by Casey Rodarmor, the developer of the Ordinals protocol, which allows NFT creation by writing data to satoshis, the smallest unit of Bitcoin, equivalent to one hundred millionth of a Bitcoin. Runes, which allows for the first time to issue interchangeable tokens on Bitcoin, introduces a new token standard that is proposed as a better and simpler alternative to the BRC-20 standard in Bitcoin. Bitcoin developer Jimmy Song says the post-halving record transaction fees were driven by the competition to be one of the first teams to issue tokens on the Runes protocol (high marketing value) and to get the best name (also high marketing value). Because Runes does not allow another token with the same name to exist to avoid confusion. As it is known, miners usually rank transactions according to the fees paid. Transactions that pay high fees are moved to the front. This is the reason why Bitcoi #bitcoin #usdt #fee #binance #BNB🔥 $BTC $USDC $BNB #SHIB #BullorBear #Memecoins #bitcoinhalving

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Transaction fee explosion after halving: Record in Bitcoin history
The 840,000th block in which the Halving took place paid much more transaction fees than usual. The fees paid in the blocks following the Halving block also reached millions of dollars. A total of $54 million has been spent on transaction fees in less than 24 hours. The previous daily record was $24 million. How did this situation arise?
After Bitcoin's fourth block reward halving, which occurred at 3:09 a.m., a transaction fee war ensued. In the 840,000th block where the halving occurred, rewards dropped from 6.25 BTC to 3,125 BTC, while transaction fees reached 37,626 BTC ($2.4 million), more than 10 times higher. This was also a record in Bitcoin history for the ratio of transaction fees to block reward.
So why was the total transaction fee paid in the halving block so high when the previous block had a total transaction fee of 1 BTC?
The answer lies in the Runes protocol, which was launched alongside the halving.
Runes is a new protocol created by Casey Rodarmor, the developer of the Ordinals protocol, which allows NFT creation by writing data to satoshis, the smallest unit of Bitcoin, equivalent to one hundred millionth of a Bitcoin. Runes, which allows for the first time to issue interchangeable tokens on Bitcoin, introduces a new token standard that is proposed as a better and simpler alternative to the BRC-20 standard in Bitcoin.
Bitcoin developer Jimmy Song says the post-halving record transaction fees were driven by the competition to be one of the first teams to issue tokens on the Runes protocol (high marketing value) and to get the best name (also high marketing value). Because Runes does not allow another token with the same name to exist to avoid confusion.
As it is known, miners usually rank transactions according to the fees paid. Transactions that pay high fees are moved to the front. This is the reason why Bitcoi
#bitcoin #usdt #fee #binance #BNB🔥 $BTC $USDC $BNB #SHIB #BullorBear #Memecoins #bitcoinhalving

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$BTC #BTC/USDT
#LONG
Leverage : 20x (Cross)
Entry Price : 64000$ - 62900$
Take-Profit Targets :
1) 64600$
2) 65200$
3) 66000$
4) 66600$
5) 67500$
SL- 4hr closing below 62200$
USE ONLY 8% FUNDS

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💸The halving has been completed, here are 2 scenarios we hope for
1️⃣ The market is ready to break out of current levels, especially altcoins, financing rates are ideal for a good recovery - the level of $61,700 is keeping the price very well.
🎯 The nearest resistance will be 64,600, after that - 67,300, and then, in case of passage and consolidation, there is every chance of flying above 💸ATH.
2️⃣ Scenario. This is a decline for the "weekly imbalance" zone (US$ 52.000-59.000). This scenario would have a positive effect on the market in the long term.
🎯 The market would be completely ready for an upward reversal, but there is no need to fear a sharp drop in altcoins; the main downward movement has fallen behind.
🚩 Share with your friends and tell us what you think about this
🤍 + 🔄
$BTC #Binance #BTC #DEX #BITCOIN #DeFiEducation

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$BTC 💡 Market Update: $BTC & Altcoins💡
As per the chart below BTC Transaction fees just hit a new ATH, what does that mean? Well yesterday the 4th crypto cycle ended as the BTC halving was completed. We have seen today very high transaction fees happening as we will assess the halving effect & explain what happens next. Let's Dive In🥂
💸All Time High BTC Transaction Fees💸
As the miners earn now half what they were earning in the past 4 years, we saw very high transaction fees taking place as miners now need to increase BTC price to cover the energy expenses and eventually profit. The first sign of increasing the price is charging higher transaction fees.
✨What is Next for BTC✨
Usually the price of BTC start to skyrocket after 6 to 9 months from halving, thus leading the whole market to increase. As for today, BTC price still hovering between $64K to $63K as the Halving had no direct impact on the BTC price. The BTC graph is still consolidating sideways and we can expect the market to be very Volatile in the weekend, as SPOT ETF market is closed.
An increase over $64.6K for more than 1 hour could tend to push BTC price upward as the next resistant level is $69.8K.
A decrease in price of BTC below $59K for 1 hour could lead BTC to dump to the next support level which is around $52.4K.
🪙 Altcoins Status 🪙
As BTC dominance is slowly decreasing, we are seeing most Altcoins recover and others are still hovering sideways, waiting for BTC's next move. We saw $WIF recovered most while $ETH is still slowly decreasing in price. We should expect Altcoins to continue the sideways movement in the weekend until BTC makes it's next big move.
Don't forget to follow and like for MORE Exclusive Content🥂
#BTC🌪️ #BitcoinHalvingTrends #BullorBearn

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BTC Halving Finish ! 🏁
Now What? . . .
This question is in everybody's mind 😌
I knew this three things will happen after halving. . . my expectations. . . 🚀🔴
1) Neutral - Means nothing gonna happen everything will be normal ✅
2) Big Pump - Means everything goes up bull run starts ✅
3) Down - Everything goes down but thats not possible as its already down since half month so am not worried about it ✅
So let me tell u that wait yes wait
See the market research on it . . .
BTC is still stable around 65000 is good sign
BTC is not down is good sign it goes 60 up
BTC is going up slowly is good sign
BTC and other coins are also green is good
Many investors big bulls think that now no more downfall but from here everything goes up only all time high new heights soon. . .
Can happen in week or 10 days or in May 🚀
Don't Worry Guys 🏳🤝🥂
We Will Win 🔥✝️
#bitcoinhalving #BullorBear #LatestNews

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$BTC BTC halving is officially on
Bearish or Bullish?
Let's check the chart😎
In the immediate short term👇
15m chart is forming a bearish flying wedge pattern. Candles are already moving below it. Downside target is 61k😂.
Okay, expect a quick 61k after halving dip bear boys. 🐻
All the other short term charts are silent. Ohh BTW, I'm still LONGTERM bullish on BTC.🐂
FOLLOW for more chart updates.
Chart 👇

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Be Alert!
Do not trade in $BTC
Big whals waiting for the #dump .
You will see BTC drop in few days.
Then the big whals will take the entries.
Now the big whales are just waiting and analyzing the market.
If some pump seems that it is only because of BTC halving news and due to peoples who are not fully informed and educated to understand BTC halving
BE AWARE !!! Don't fall into any FOMO,
be patient, I will give you a signal when the time is right.
#bitcoinhalving #FOMOalert $ETH

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$BTC $BNB happy halving and many gains everyone !!
Yeap do have an extra new year once every 4 years! 😜
happy it's finally done, a few months and then, let's enjoy and sell, happy gains and happy future selling (final quarter 2024 to 2nd quarter 2025, my guess)
*not financial advice, educational purposes, investigate! knowledge is power!*
*original written language is English, get context please if u r translating or reading in another language*
Love, Andy #bitcoinhalving

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The 4th $BTC halving is done and dusted—see you again in 2028! Let's take a closer peek at this latest quadrennial spectacle. Just before the halving, Bitcoin took a tiny dip from $64,000 to $63,000, only to bounce back to $63,900 right after the event. This shuffle in prices was accompanied by a lively 40% surge in trading volume, hitting a whopping $50 billion. It's a wild ride, showcasing how halving events stir up excitement, speculation, and plenty of crystal ball gazing about future price trends.
So, what's next? The King stays on his throne—limited supply, ruling the market, boasting the highest market cap—nothing's changed there. 👑
Bitcoin halvings aren't new, but they're still the talk of the town among investors and analysts. These events, designed to trim rewards for mining new blocks, also trim the supply of fresh bitcoins hitting the market. Historically, past halvings have ushered in major bull runs 📈 for Bitcoin. 📚🔎🤔
Now, with increasing institutional interest and regulatory shifts shaping the market, we're in for an intriguing ride to see if history repeats itself!
#bitcoinhalving #BTC🌪️

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🚨🚨🚨🚨🚨🚨🚨📣📣📣📣📣📣📣📢📢📢📢📢📢📢🚨🚨🚨🚨🚨
Sell off
miners are selling or is it retail????
What's the next price action????
💎💎💎💎🫱🫱🫱🫲🫲🫲💎💎💎
DCA ‼️‼️DCA ‼️‼️DCA ‼️‼️DCA ‼️‼️DCA ‼️‼️
#bitcoinhalving
#BullorBear
#Write2Earn
#RiskManagementMastery $BTC

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The #Bitcoin has just completed its 4th halving, so let me explain what that means in concrete terms and what it portends for the future since I haven't really talked about it since.
The halving is the event that involves halving the reward per mined block on the Bitcoin network, in other words, halving miners' pay while increasing the mining difficulty.
The reward was 6.25 BTC per block just an hour ago and will now be 3.125 BTC. You know a block is generated every 10 minutes, so per day we had 900 BTC distributed to miners, which creates a selling pressure of 58 million every day. From now on, this selling pressure drops to 29 million, significantly reducing inflation.
Mining difficulty increases, so miners will need to invest in more powerful machines to remain competitive. This will result in increased electricity and equipment costs, thus increasing the production cost of #BTC.
This halving will push the average production cost of a BTC to around $38k. Therefore, it is not in the miners' interest for the price to revisit these levels, otherwise they would mine at a loss and no merchant sells at a loss.
During the last halving, the price of BTC was at $8k, and 4 years later we're at $65k. The question is where will this price be at the next halving in 2028. I'll leave you with that thought...
#BitcoinHalvingTrends $BTC $BTC $BTC

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$BTC C HALVING IS FINALLY OFFICIALLY COMPLETED 840.000 BLOCKS AT 7:09 AM APR 20TH 2024.. BUT THE MARKET STILL REMAIN PEACEFUL!!
Maybe nothing changes for $BTC halving this time, that also mean the demand for $BTC is now supper big, no one wants sell even the WHALES OR SHARKS!! They still wait for the rumors and see how the market reacts to the event!!
In my opinion, i think its hard for BTC to break the ressistance at 60k, the price is keep going up without waiting for dumping like everyone said.
So keep on the advanture!! Let’s go forward with the new target and plan!!
Follow me for more interesting news!!
#bitcoinhalving #Memecoins #BullorBearn #write2earn🌐💹

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