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    Bitcoin Fees Set to Hit All-Time Highs in 2024 as Halving Approaches

    danygeemarketingBy danygeemarketingApril 15, 2024No Comments1 Min Read

    Fast shot

    Because the Bitcoin halving approaches, charges and hash charges for Bitcoin exercise have elevated considerably.

    price

    On April 12, Bitcoin hit its highest single-day payment of 2024, reaching a formidable $11 million. Encryption Slate In accordance with experiences on April 10, this surge in charges has steadily elevated since early April.

    Fees: Ethereum vs Bitcoin: (Source: Glassnode)
    Charges: Ethereum vs Bitcoin (Supply: Glassnode)

    Apparently, Bitcoin and Ethereum charges are beginning to converge, with a distinction of solely $190,000 on April 14.

    Computing energy

    Moreover, Bitcoin’s hash price continues its upward pattern, rising by 4% in April to achieve an all-time excessive of 625 eh/s utilizing a 14-day shifting common. A part of the explanation the hash price continues to develop is because of the Bitcoin halving, which is simply days away.

    Computing power: (Source: Glassnode)
    Computing energy: (Supply: Glassnode)

    The put up Bitcoin Set to See File Charges in 2024 as Halving Approaches appeared first on CryptoSlate.

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