Bitcoin inscriptions cross 1M to reach new record-breaking heights

exchange68September 13, 2024

0 0 2 minutes read

Over the weekend, the cryptocurrency world witnessed a historic event as the one millionth Bitcoin inscription took place. This remarkable achievement comes in a short time, with inscriptions only starting in 2023. The surge in inscriptions has led to a significant boost for Bitcoin miners, with fees skyrocketing to a one-year high in BTC terms. On a 7-day moving average, miners are enjoying approximately $750,000 or 27 BTC in fees. But what’s behind this sudden increase, and how are industry insiders reacting to this development? Discover the answer in our exclusive Alpha content…

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