Bitcoin sell-offs amongst miners jumped briefly during the week. This was due to a surge in network transaction fees.
On 3 September, these inscriptions recorded their second-highest daily amount of 418,000.While text inscriptions tapered around 150,000 as of 8 September, daily inscriptions count was still pegged at highs last observed in August.As network fees rallied due to a surge in network activity on 3 September, miners increasingly let go of some of their BTC holdings between 4 and 5 September.
The Miner to Exchange Flow metric measures the amount of BTC that is flowing from miners to exchanges. When this metric rallies, miners sell more BTC than they are mining.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
38 Posts From People Who Have No More Patience For Boomers’ Toxic WaysThe internet really doesn’t hold back when criticizing boomers' outdated values, poor advice, and disdain and ignorance towards others.
Read more »
Fairspin offers unique privileges for VIP playersIn the vast landscape of the Bitcoin casino market, players are faced with multiple options […]
Read more »
Grayscale’s staggering Bitcoin holdings and possible impact on BTCGrayscale's Bitcoin treasure trove, now the second-largest globally, raises questions about BTC's decentralization. Can this behemoth influence Bitcoin's fate?
Read more »
Does Ethereum’s utility make it better than Bitcoin?While Bitcoin may have paved the way for the entire ecosystem, the utility of Ethereum places it ahead of others, the CEO of CAKE group, Dr. Julian Hosp, suggests.
Read more »
Bitcoin Spark uses the unique Proof-of-Process mechanism for better user experienceBitcoin Spark presents an innovative network that amalgamates Proof-of-Work (PoW) and Proof-of-Stake (PoS) to introduce […]
Read more »