In brief
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$117,794.00
6.21%$2,975.71
7.22%$2.64
7.87%$688.23
2.63%$163.82
4.07%$0.999906
0.00%$0.19817
9.90%$0.29619
2.04%$2,972.59
7.17%$0.730408
16.47%$117,634.00
6.09%$45.38
10.73%$3,598.55
7.45%$3.50
8.59%$15.44
8.04%$521.76
0.94%$0.322199
10.47%$20.96
7.27%$0.204163
15.28%$8.99
0.16%$3,188.13
7.22%$0.00001343
7.86%$0.999922
0.01%$2,973.62
7.16%$2.96
2.79%$95.33
5.11%$46.77
0.35%$1.001
0.18%$117,745.00
6.17%$325.50
0.82%$3.94
8.08%$8.94
8.70%$0.00001276
15.33%$0.999906
-0.13%$4.52
2.08%$311.83
6.03%$0.488472
0.64%$388.96
12.19%$4.94
7.78%$2.56
9.01%$1.18
0.03%$0.0981
4.91%$49.64
2.70%$5.43
5.04%$0.912201
8.32%$198.63
3.76%$18.61
5.73%$1.00
0.00%$0.088354
9.89%$1.058
-0.01%$0.354655
23.87%$1.00
0.07%$0.637473
5.79%$4.64
7.67%$0.02466071
9.81%$0.411352
15.09%$0.226068
8.34%$10.08
9.64%$3.77
11.47%$16.36
2.01%$0.223724
15.34%$0.737372
6.55%$4.46
0.46%$0.339127
29.62%$1.079
16.38%$0.00002352
6.69%$2,976.96
7.40%$0.084103
3.01%$2.61
7.28%$117,647.00
6.43%$116.14
5.55%$4.74
2.66%$173.59
4.08%$1.61
8.05%$0.492709
8.07%$0.999761
0.03%$0.996302
-0.29%$11.35
1.25%$3,117.36
7.24%$3,389.80
7.19%$1.00
0.07%$1.91
12.28%$0.02109723
9.30%$1.31
14.41%$1.26
0.93%$12.64
15.30%$1.83
13.62%$0.682766
15.86%$0.01707579
5.00%$0.073178
3.15%$0.745394
8.14%$0.35338
12.16%$3,176.47
7.36%$3.94
23.51%$3,124.36
7.17%$117,802.00
6.50%$1.00
0.01%$0.681212
53.71%$1.018
5.26%$3,131.85
7.23%$1.00
0.16%$0.09872
9.82%$13.15
6.05%$1.11
0.07%$0.0000991
7.18%$117,365.00
6.22%$0.507022
12.48%$3,345.23
0.67%$0.158897
5.56%$688.37
2.78%$118,193.00
6.06%$0.999279
-0.07%$0.648301
16.07%$3,212.51
7.19%$0.548026
5.13%$2.50
5.54%$183.43
3.72%$3,339.79
0.74%$213.63
3.75%$0.80551
9.75%$0.01727376
12.16%$0.858599
11.46%$2.80
14.49%$22.29
9.97%$0.01508598
14.94%$0.186337
8.19%$0.292612
8.53%$111.75
0.01%$10.74
0.01%$0.81362
11.76%$42.76
6.12%$1.96
3.30%$0.117931
11.53%$4.11
10.55%$0.998049
-0.01%$2,972.68
7.13%$45.36
10.54%$0.00000067
4.43%$0.00000167
29.85%$0.248346
7.39%$3,176.83
7.42%$1.091
0.76%$0.601997
6.34%$3,159.53
7.40%$0.00936883
5.90%$117,517.00
6.42%$117,453.00
6.20%$0.37961
7.99%$2,972.81
7.07%$0.556835
16.50%$0.310449
8.85%$0.998107
0.05%$0.058481
17.96%$0.417161
3.55%$117,784.00
6.28%$0.5507
7.76%$0.999039
0.13%$1.71
6.20%$1.54
9.23%$2.90
21.15%$0.669349
6.15%$26.71
5.72%$0.147167
19.83%$0.01526896
10.02%$45.35
10.62%$0.198309
10.30%$0.503635
30.24%$0.999276
-0.06%$2,973.65
7.15%$0.996812
-0.13%$0.094689
21.88%$0.00480514
9.77%$0.00818687
9.21%$0.622523
10.56%$0.22457
0.61%$8.16
6.03%$3,174.76
7.59%$0.424152
5.54%$0.999909
0.01%$1.20
9.45%$47.75
5.74%$0.00000045
1.35%$0.061927
1.85%$6.26
7.08%$1.00
-0.01%$15.45
8.77%$1.39
12.77%$0.173066
9.44%$3,281.58
7.13%$0.360038
12.63%$0.058847
19.15%$6.38
12.51%$2.52
9.93%$0.00002094
7.96%$1.093
-0.02%$0.00445681
10.63%$117,205.00
6.16%$0.154744
5.84%$1.66
9.36%$0.986103
-1.05%$3,254.32
7.19%$0.04044213
8.17%$0.545615
4.95%$0.99931
0.47%$0.278139
30.35%$2,973.76
7.24%$0.00720684
11.22%$2,972.96
7.05%$0.371693
9.76%$0.999952
-0.00%$0.078605
14.85%$0.37198
10.06%$1.22
6.46%$2,972.23
7.11%$0.03611878
2.63%$117,159.00
5.78%$0.00006434
7.05%$0.532732
5.83%$0.776144
11.24%$0.859049
12.47%$178.59
3.78%$0.01804175
2.52%$20.90
1.13%$1.23
6.87%$127.73
7.52%$3,601.49
7.28%$0.225764
8.03%$0.999789
0.01%$11.15
5.78%$0.316397
3.74%$0.758215
4.29%$0.999203
0.01%$0.00370745
5.90%$1.00
0.03%$0.999347
-0.04%$0.00447063
11.91%$25.50
7.36%$0.659447
6.54%$20.95
7.20%$0.00349361
-4.60%$0.999103
-0.12%$0.116925
14.35%$0.02994405
9.24%$117,603.00
5.83%$2,365.36
6.24%$0.00000142
6.05%$3,121.80
7.26%$1.02
0.03%Reading
Average Bitcoin transaction fees have sunk to lows of $7, according to data from blockchain analytics site BitInfoCharts. Fees haven’t been this low since January.
The Bitcoin blockchain charges a fee for each transaction and distributes the proceeds to miners.
Fees rise when demand for processing transactions outstrips the supply of miners. On April 21, average fees hit a record high of $62.8 per transaction.
Conversely, fees fall when mining supply outstrips demand. The drop in fees suggests Bitcoiners aren’t as interested in placing transactions as they were just over a month ago.
That could have something to do with the recent crash in the crypto markets, which sent the price of Bitcoin down from $60,000 to $36,000 in just a few weeks.
Bitcoin miners are also not as interested in processing transactions. Mining difficulty—the amount of computing power required to validate Bitcoin transactions—fell by 16% on Sunday—the sharpest decline in over a year. Bitcoin mining becomes easier when the overall hash power backing the blockchain decreases.
Ethereum fees are down, too, thanks to a general cooling-off in the crypto market. The global crypto market cap fell from peaks of about $2 trillion last month to current levels of $1.6 trillion, according to metrics site CoinGecko.
Lower prices, fees, and hash power follow government crackdowns on Bitcoin mining in China, where the majority of miners are located. Crypto exchanges Huobi and OKEx have already started limiting certain transactions, and officials in Inner Mongolia are considering banning Bitcoin mining outright.
Following news of a coming crackdown on Bitcoin mining in China, the provincial government of Inner Mongolia has now proposed that those who violate new ordinances be “blacklisted” from the country’s social credit system, according to local reports. This means that illegal Bitcoin miners within the province, if caught, would face limited access to financial products, blocks to foreign travel, and more, according to sources. The blacklisting is just one of several curbs the provincial government...
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
U.S. spot Bitcoin exchange-traded funds pulled in over $1.17 billion on Thursday, notching their second-highest day of inflows ever as institutional capital flooded into digital assets. The massive inflows to Bitcoin ETFs were led by BlackRock's IBIT with $448.5 million, followed by Fidelity's FBTC at $324.3 million and ARK's ARKB with $268.7 million, according to Farside Investors data. Even with $40.2 million in outflows from Grayscale’s GBTC, total net flows turned sharply positive. The infl...
Bitcoin-based stablecoin blockchain Plasma has set the date for its much-anticipated XPL initial coin offering, or token sale, for July 17, keeping the project on track for its predicted mainnet launch by “late summer.” Following the sale, Plasma will gear up for its mainnet launch, which the firm told Decrypt will feature several unreleased stablecoins. The token sale comes following the Bitcoin sidechain attracting $1 billion worth of deposits, upsized from $500 million. Those who deposited to...
Chinese payments giant Ant Group is set to adopt Circle’s USDC stablecoin as part of its blockchain platform, Bloomberg reports. Ant operates Alipay, the most commonly used mobile payments platform in mainland China, which is also widely supported in neighboring Asian nations. It is thought to have roughly 1.6 billion user accounts, making it the world’s most popular mobile payments platform by a wide margin. It started life as an offshoot of Alibaba, one of China's largest online retailers and...