{"id":164993,"date":"2024-04-22T14:20:01","date_gmt":"2024-04-22T14:20:01","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=164993"},"modified":"2024-04-22T14:20:05","modified_gmt":"2024-04-22T14:20:05","slug":"bitcoin-fees-hit-5-year-low-amid-runes-token-surge-a-surprise-twist-for-analysts","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-fees-hit-5-year-low-amid-runes-token-surge-a-surprise-twist-for-analysts\/","title":{"rendered":"Bitcoin Fees Hit 5-Year Low Amid Runes Token Surge: A Surprise Twist for Analysts"},"content":{"rendered":"
TL;DR<\/p>\n
Despite the recent surge in the Runes token, Bitcoin<\/a> transaction fees have reached a five-year low.<\/strong> The marked decrease has puzzled analysts, as Runes activity was expected to have the opposite effect. However, according to CryptoQuant analyst Julio Moreno, everything has turned out differently.<\/p>\n Initially, Runes raised concerns about fees. However, its impact on the Bitcoin network seems to be diminishing. Despite significantly increased activity, BTC fees have continued to trend downwards, indicating relative stability.<\/strong><\/p>\n Average #Bitcoin<\/a> transaction fees coming down significantly.<\/p>\n This helps put fees into perspective. — Julio Moreno (@jjcmoreno) April 21, 2024<\/a><\/p><\/blockquote>\n\n
Even with all the Runes activity yesterday, the daily average transaction fee was lower than in late 2017, early 2018. pic.twitter.com\/BEtO9aRWCJ<\/a><\/p>\n