Bitcoin Rune Trading Volume Has Fallen Over 88% This Month
The trading volume of Bitcoin runes has dropped by more than 88% this month. Bitcoin miners have earned less than 2 bitcoins from rune trading in the past six days, a significant drop from the record-breaking 884 bitcoins earned on April 24. According to data from Dune Analytics, the daily trading volume of Runes from June 22 to 28 was 37,800, a decrease of nearly 90% from the daily average of 331,000 transactions between June 9 and 15. In particular, the trading volume on June 24 was 23,200, the lowest level since the fourth Bitcoin halving. In the past week, rune transactions accounted for only 4.9-11.1% of all Bitcoin transactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump administration walks back tariff ‘exemption’ on electronics
Trump says he’s “flexible” on electronic tariffs, and that more developments are “coming up”
Charles Hoskinson Weighs in: Is Bitcoin Surging to $250K?
Unpacking Charles Hoskinson's Bold Bitcoin Prediction in Light of Current Market Trends
Market Insights: Short-Term Recovery Signals for BONK, ALCH, and Bitcoin
In Brief Analyst Pseudonym identifies recovery signals in BONK, ALCH, and Bitcoin. Short-term trading strategies recommended for cautious positions. Increasing interest in meme tokens amid market volatility.
Ethereum Price Fluctuations Ignite Technical Analysis and Strategic Forecasts
In Brief Ethereum's price fluctuations shift focus to technical indicators among market players. Analysts signal potential recovery and long-term growth opportunities for Ethereum. Competition from networks like Solana raises challenges for Ethereum's market position.
Trending news
MoreCrypto prices
More
