Articles for tag: Bitcoin network, Bitcoin volatility, blockchain transactions, cryptocurrency decline, Memecoins, NFTs, Runes

December 26, 2024

Reasons Behind the Declining Value of Bitcoin Runes in Today’s Market

Recent data reveals a steep decline in Runes transactions on the Bitcoin network, now accounting for just 1.67% of daily activity. This is a sharp drop from the over 50% share observed from April to November. Daily fees for Runes transactions have also plummeted below $250,000, indicating reduced interest. Factors contributing to this trend include ...

December 5, 2024

Market News

Crypto

Mt. Gox Transfers $2.8 Billion in Bitcoin as Price Surges to $100,000: What Investors Need to Know

Mt. Gox, the infamous cryptocurrency exchange, has transferred 27,871 Bitcoin, valued at approximately $2.8 billion, amid ongoing compensation claims from creditors. The majority of this amount, over 24,000 BTC, was sent to an undisclosed wallet while Bitcoin’s price recently hit a significant milestone of $100,000. As the exchange continues to resolve outstanding claims, it has ...