The Bitcoin network underwent its fourth halving on April 20, 2024, reducing the mining reward to 3.125 BTC per block and significantly impacting the mining landscape. This event led to a record-breaking increase in transaction fees, with Bitcoin miner revenue reaching $106.7 million, 75.444% of which came from network transaction fees. The fees collected by miners on this day alone tripled the previous all-time high, reaching over $78 million, largely due to the Runes minting activity. Despite these high fees, the average transaction fee on the Bitcoin network significantly dropped post-halving, stabilizing at lower levels compared to the peak on the halving day. Throughout this period, Bitcoin prices held steady, maintaining values over $65K.
#Bitcoin transaction fees have significantly lowered following the halving, according to data from @mempool. The hashprice index has also dropped. Watch "Chart of the Day", presented by @cryptocom: https://t.co/1RlgFlD7Mu https://t.co/MRzgTthBFa
Now that the halving is over, what's next for #Bitcoin? @BKBrianKelly joins the desk for a look at the next major milestones for the cryptocurrency https://t.co/MAhGTd2iQ9
NEW POST 🚨 Bitcoin's Fees Spike To All-Time High After 4th Halving Block by @JoeConsorti READ IT 👇 https://t.co/DSQxyBod4s
NEW: ⛏️ Mining cost surged to 💵 $77.4k per #BTC but due to high transaction fees, block reward + fees are even higher at $244k. This imbalance rarely happens and could lead to #BTC price soaring, miner shutdowns, or continued high transaction fees, per Capriole investments. https://t.co/m7y2TrFXgO
JUST IN ‼️ - With the 4th Halving complete, Bitcoiners look to the future and discuss the next four years. Swan's Cory Klippsten told Forbes: "For me the halving is about marking the entrance of Bitcoin into its fifth epoch." Read more: https://t.co/VVXv9qTPFC https://t.co/vvqcOh00Yz
#Bitcoin just had its fourth halving last April 19 and entered in a new mining epoch What does it mean? Could it drive to a supply shock as @JAN3com’s @Excellion think? My latest at @Forbes featuring @SwanBitcoin’s @coryklippsten https://t.co/RPp0HQBcT2
Bitcoin transaction fees shot through the roof this weekend, hitting an all-time high amid the Runes token protocol launch—but they're coming back down to earth. Click to read: https://t.co/gZBswmG8Da
Live: BitGo's @MattBallen4791 discusses the impacts of the #BitcoinHalving. https://t.co/fXiz1vfBXL
.@BitGo @Swan @LayerTwoLabs join @JillMalandrino on @Nasdaq #TradeTalks to discuss the short- and long-term impacts of the #bitcoin halving and why it is a critical part of bitcoin's programmatic monetary system. https://t.co/h12eAZtrzy
Following the halving and the surge in demand for blockspace, especially with the launch of the Runes Protocol, total weekly fees on Bitcoin have now surpassed $140M. This is by far the most in the entire ecosystem and catapulted Bitcoin to the second most total fees earned… https://t.co/g3CCaFi2oT
Bitcoin Fees Fall Back to Earth After Hitting All-Time High Amid Runes Launch ► https://t.co/e74DZkqdmO https://t.co/e74DZkqdmO
The cost of sending transactions on Bitcoin declined nearly 10 times after an initial spike following the BTC halving last week https://t.co/Zgr6JUVUlS
Bitcoin Fees at ATH since 2018 With the introduction of Runes on the #Bitcoin network, the block processing fee has surged to its highest level since 2018. https://t.co/bM8c0zA21v
Bitcoin has successfully completed its fourth halving supply cut—coming as one legendary billionaire predicts "rapid, cataclysmic" U.S. collapse. https://t.co/0WDNVqguFO https://t.co/ACD0hGIdFT
🗞️ Crypto News #Bitcoin transaction fees have experienced a significant drop just one day after reaching an all-time average high of $128 on April 20, coinciding with the fourth Bitcoin halving. 🔗 https://t.co/MEfyuk42n7 #CryptoNews
Bitcoin Layer-2 coins surged a lot of more than Bitcoin following the #halving that reduced block rewards. These projects are transforming the crypto landscape with faster, cheaper transactions. 🚀Discover top Layer-2 solutions for 2024. 🌐 #Bitcoin #Layer2
What happens after the #Bitcoin halving? BitGo's @MattBallen4791 explains on @KitcoNewsNOW. 👀 https://t.co/iOv8q2HOvt
1/5🚨 #Bitcoin’s 4th halving just happened, and it's already showing unique patterns compared to past events. 🧵 Let’s dive into the impacts and what it means for the market 👇
Bitcoin's latest halving is now complete. Here's what could happen next. https://t.co/Wr6IkDzhEf
Bitcoin successfully completed its fourth halving event over the weekend! What should you expect next? Set your reminders and tune in to find out👇 https://t.co/hhBQz6VLeC
Bitcoin Miners Collect $81 Million From Transaction Fees Post Halving Bitcoin’s average transaction fees reached a record $127.97 on April 20 — more than seven times the fee level seen on the day prior to the halving. https://t.co/mRbOg2aZje
HALVING BLOCK NETS MINERS $2.6M IN FEES AND REWARDS Bitcoin's recent halving led to the creation of one of the most valuable blocks in its history, with sky-high fees contributing to miners' rewards. The halving block netted miners $2.6M in fees and rewards. Source: The Block https://t.co/dd9pSGaAU4
Mining revenue hits new high following #BitcoinHalving 💰👀 Click below for the full story ⬇️⬇️⬇️ https://t.co/dZtU18ffrB https://t.co/Mfs1Z8iyvM
Bitcoin $BTC price today: climbs near $66k as 'Runes' launch causes spike in fees https://t.co/A2ulZASgmb https://t.co/mS177b2Bht
NEW: #Bitcoin transaction fees drops to 💵 $34.8, after reaching a record high of $128.45. https://t.co/zphez76aRN
#Bitcoin fees drop following record average fee rate on halving day 📉 The average fee was $128 per transaction 🤯 Click below for the full report 👇👇👇 https://t.co/pMti86eFKA https://t.co/8xHxkiluP5
.@BernsteinBuzz says total $BTC miner revenue is currently triple the pre-halving level due to a spike in network fees. @willcanny99 reports. https://t.co/hxKJiAqAGK
Bitcoin Transaction Fees Come Crashing Down Post Halving - CoinDesk https://t.co/psDFQ7lZvD
On halving day, #Bitcoin mining revenue soared to a record $107.7M. The 840,000th block included 3,050 txs with an average fee of nearly $800, totaling $2.4M in fees alone. However, the $BTC transaction fees have fallen to an average of $8–$10 for medium-priority transactions https://t.co/YYohoGjDZh
With markets having slowed down the past weeks, took some time to map out narratives + catalysts of each Layer 1 + Layer 2. - - - - - - - - - Bitcoin Ecosystem • Bitcoin - Ordinals, Runes, Bitcoin L2s (Merlin, B2 Network, Bitlayer, Botanix, BOB) • @Stacks - Hub for Bitcoin…
On the date of Halving, 74% of the miner revenue comes from Fees At the block 840000 (Halving Block): - 37.6 BTC has been paid in Fees (4X than other blocks on the same date) - Account for 3% of the fees on 20th April https://t.co/z22rZ3W8El
#Bitcoin transaction fees plummet post-halving, Runes protocol fails miners' profit prospects, market activity dips https://t.co/15W9Q1YVn3
INSIGHTS: Halving sees transaction fees hit new record momentarily as #Bitcoin climbs back above $66k via @akibablade https://t.co/B42oOLOzIC
On the 20th, post-halving, ~$80M was spent on Bitcoin transaction fees. More than triple the previous all-time high! https://t.co/nnnKmZxkqE
🗞️ Crypto News #Bitcoin has successfully completed its fourth halving event, reducing mining rewards to 3.125 $BTC per block from the previous 6.25 $BTC. 🔗 https://t.co/Dpi6bx4Ave #CryptoNews
BITCOIN FEES DECLINE FOLLOWING RECORD HIGHS After reaching a peak due to the implementation of the Rune Protocol during Bitcoin's latest halving event, the average transaction fee on the Bitcoin network has significantly decreased. The average paid fee dropped from a record… https://t.co/AAedjzeAWs
BITCOIN COMPLETES FOURTH HALVING EVENT The Bitcoin network executed its fourth halving on April 20th, cutting the mining reward from 6.25 to 3.125 BTC per block. The halving event reduces new Bitcoin supply, impacting miner profitability and potentially leading to higher… https://t.co/fkPMkaG4bz
BITCOIN FEES TUMBLE FROM RECORD HIGHS POST-HALVING: WHAT TO KNOW - On April 20, Bitcoin witnessed its fourth halving, an event reducing the reward for mining new blocks by half, intended to maintain controlled supply growth. - Following the halving, Bitcoin's average… https://t.co/oJMJCO3EYd https://t.co/U4ubrECQXK
$BTC transaction fees have come significantly down post-halving as bitcoin prices hold steady over $65K. @thesamreynolds reports. https://t.co/aTHey7Hkkd
UPDATE: #BITCOIN DAILY AVERAGE TRANSACTION FEE FELL TO $34.86 ON APRIL 21 AFTER SOARING TO RECORD $128 ON THE HALVING DAY
Are Bitcoin miner equities the best way to capture BTC use case upside?👀👇 👉Runes led to transaction fees of ~19 BTC per block (~$1m per block) over & above the 3.125 BTC 👉Miners earned 3X revenues post halving - 22 BTC vs ~7 BTC before halving 👉Daily revenues above $100mn…
Are Mining equities the best way to capture BTC use case upside?👇 👉Runes led to transaction fees of ~19 BTC per block (~$1m per block) over & above the 3.125 BTC 👉Miners earned 3X revenues post halving - 22 BTC vs ~7 BTC before halving 👉Daily revenues above $100mn with…
Bitcoin’s average transaction fee comes down after reaching record high amid Runes rollout https://t.co/lTAJqgzUaz
Average Bitcoin transaction fees reached $128 on halving day but are now back below $10 — suggesting the honeymoon period for miners is now over. https://t.co/2EMuh36Eeh
Yesterday, Bitcoin transaction fees soared, generating $81.72 million 📈 Explore key metrics of Bitcoin: https://t.co/VwP9vsvrIh https://t.co/4tWsd5lgQc
Bitcoin holds steady after completing fourth-ever halving https://t.co/fNeJHHHYBQ
Yesterday, #BTC made $80.7 million in daily fees, which is the most any network or application has earned in the past year. To help understand how big this is, let's compare it to the combined daily fees earned by Ethereum, Lido, Uniswap, and Tron. Together, they only made $58.5… https://t.co/MrumeWQtxC
NEW: #Bitcoin transaction fees 24X larger than its closest competitor in the last 24 hours 👀 https://t.co/NjYsq6L716
Bitcoin fees reached a new all-time high of more than $78 million yesterday, April 20 https://t.co/8485hQLvKN
Bitcoin generated $80.7M in daily fees yesterday, the most by any network or application throughout the space in the past year. To put this into perspective, the most daily fees earned by the next four highest earning projects (Ethereum, Lido, Uniswap, and Tron) combined was just… https://t.co/uBMNBk12VQ
It has been a massive week for the Bitcoin ecosystem: • Bitcoin halving completed • Runes standards launched • Stacks Nakamoto instantiation on Monday Bitcoin interest keeps rising, and it's time to scale the network with L2s.
📈 #Bitcoin transaction fees surge post-halving - Before: Avg. fee ~$20 - Peak After: ~$240 - Current: Stabilizing at ~$128 https://t.co/MIZiXoVtuG
#Bitcoin Miner Rewards Shrink Below Pre-Halving Levels as Network Fees Fall Sharply https://t.co/dviZqOUqVc
Bitcoin transaction fees pre and post-halving April 19: $7.74M April 20: $81.72M https://t.co/YQN38KLP14
The latest Bitcoin halving is complete. Of course, there's already another one on the horizon. Here's when to expect it—click to read: https://t.co/8TFVVeKz83
BREAKING: BITCOIN FEES PAID BY USERS OVER THE PAST 24H SURPASS $78M - A NEW ATH https://t.co/NrKPzdhpOh
#Bitcoin generated $78M in fees yesterday. 24x more fees than Ethereum🤯 https://t.co/Vd7cCrFoHG
#Bitcoin generated $78M in fees yesterday. 26x more fees than Ethereum🤯 https://t.co/lmOXYEfjZK
NEW: In the 130 blocks post-halving, #Bitcoin miners earned 1,675 BTC ($109 million) 👀 Of this, 75% (1,262 BTC worth $82 million) came from transaction fees. For context, miners received 1,349 BTC in fees from April 1 to April 19 😮 https://t.co/dLnYtCzo5h
Curious about all the excitement with the Bitcoin halving? Explore what the #Bitcoin halving is, why it is such a highly anticipated event, its effect on #BTC’s issuance rate, and more: https://t.co/eAKudGs9OT https://t.co/HRTt0l7aSw
Transaction fees collected by #Bitcoin miners yesterday tripled the previous all-time high, coming in at over $78,000,000. We also made a new record streak of 104 blocks in which fees exceeded newly created BTC! https://t.co/WZkCQ8dbr3
When Is the Next Bitcoin Halving? ► https://t.co/EpZl7TJwwZ https://t.co/EpZl7TJwwZ
This Bitcoin halving has been unlike any other. The first 60 blocks post-halving brought miners a new ATH of $54M in transaction fees alone. The reason? Runes. But will Runes ruin the expected post-halving Bitcoin ATH expectations? https://t.co/5es9KwmPSu
#Bitcoin halving has completed, reducing miners' rewards by 50%. In Dec 2023, the miner revenues made up by transaction fees reached over 20% for the first time since 2017. Runes and Ordinals are likely to contribute to Bitcoin's security budget, according to @intotheblock. https://t.co/GHUQn8wTJn
#Bitcoin Mining Landscape Transforms With Runes, 1,087.99 Bitcoins Accumulated in Fees https://t.co/Hd9Gbo2htU
Sky-High Fees Post #Bitcoin Halving Test the 'Future of Money’ https://t.co/2jVHTyAmaK
According to glassnode, affected by the Runes minting activity, on April 20, Bitcoin miner revenue reached US$106.7 million, of which 75.444% came from network transaction fees, both reaching record highs. https://t.co/lVSyqn1UaE https://t.co/xjkkTor2I9
Bitcoin Undergoes Fourth ‘Halving’ Event via @gatewaypundit https://t.co/gbYzLoaSzJ