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Today's Bitcoin Ordinals Inscription Transaction Fee Exceeds 14 BTC, Highest Single-Day Record in Past Five Months.

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According to the latest data from Dune Analytics, today's Bitcoin Ordinals inscription transaction fees reached about 14.16 BTC, which is about $500,000 at the current price, setting a record for the highest single-day transaction fees since May 30 (when Ordinals transaction fees were about 19.83 BTC).

Bitcoin Price Could Reach $45,000 to $50,000 Before Halving.

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Michaël Poppe, founder and CEO of trading firm Eight, said that the recent growth of Bitcoin in the bull market has been due to a number of reasons, including ETF approval speculation. Bitcoin crossed $30,000, which is a phenomenal growth, and he further added that as long as the price of Bitcoin stays above $30,000, the bull market in cryptocurrencies will come soon. Moreover, he said that if Bitcoin continues to grow in the cryptocurrency market, then there is a possibility of the price reaching $45,000-$50,000 before halving.