Bitcoin had a stable start this week, trading above $65,800. Transaction fees have dropped significantly since the halving. Medium-priority transactions are now costing $8.48, while high-priority transactions cost $9.32.
Following the halving, transaction fees skyrocketed to more than $146 for a medium-priority transaction and soared to $170 for a high-priority transaction.
After the halving, miners worried about making less money. But there’s new hope: Casey Rodarmor’s Runes protocol, launched at the halving. It allows making fungible tokens on Bitcoin to bring more activity and money to Bitcoin.
However, the hash price index, which shows how much miners can earn, dropped from $182.98 to $81. So, it’s still uncertain how things will go for miners despite the new protocol.
Also Read: Bitcoin Ord.io Secures $2M Investment for Runes Token Launch
