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Bitcoin Halving Steadies Price, Network Transaction Fees Spike
The fourth bitcoin (BTC) halving event occurred Friday evening without much immediate effect on its price, though by Monday the cryptocurrency was trading higher at above $66,000. A sudden spike in Bitcoin network transaction fees around the halving was observed and that was credited to the launch of Runes, a new meta protocol for issuing tokens on top of the Bitcoin blockchain. Outside of the halving, the low fees associated with Grayscale's new spot bitcoin exchange-traded fund (ETF) offering, the Bitcoin Mini Trust, were disclosed. Additionally, the crypto world experienced the first conviction in a case involving ... (full story)
