Bitcoin transactions have been exploding recently, and the network managed to collect over half a million in fees within only 24 hours.
The last several days have been pretty happening for bitcoin. This time, the benchmark cryptocurrency did not see a massive surge that added thousands of dollars to its price, but it did make a few milestones, of sorts.
Bitcoin Transaction Fees Hit New Milestones
Only a week ago, on October 30th, the bitcoin network surpassed $1 billion in cumulative fee revenue, which is quite an important milestone.
It's official. The Bitcoin network has surpassed 1 billion USD in cumulative fee revenue. pic.twitter.com/lKzstEX3eI
— Yassine Elmandjra (@yassineARK) October 30, 2019
Now, however, BTC is once again a topic of conversations and speculations as it reportedly collected over $500,000 in transaction fees…