- The recently has actually seen increased activity on the Bitcoin network.
- This has actually led to a 61% uptick in overall costs throughout that duration.
The Bitcoin [BTC] network experienced a rise in activity recently, causing a 61% boost in overall deal costs, on-chain company IntoTheBlock kept in mind in a post on X.
On-chain activity increased today, with Bitcoin costs increasing 60%+ and Ethereum charges increasing by almost 50%. pic.twitter.com/H2kFC6iQge
— IntoTheBlock (@intotheblock) December 8, 2023
According to the information service provider, deal costs taped throughout the week amounted to $43.8 million.
The BRC-20 buzz had this effect on the Bitcoin Network
The increase in activity has actually been because of the double-digit rise in BTC’s worth throughout the week and the current uptick in the adoption of BRC-20 tokens and text-based engravings on the Bitcoin network.
At press time, BTC traded at an 18-month high of $44,261. In the recently, the coin’s worth has actually increased by 14%, according to information from CoinMarketCap.
This has actually been because of the development in need for the leading coin, whose cost has actually rallied to brand-new highs.
