Despite Bitcoin’s block size hitting a yearly low, the Runes minting market continues to show strong activity and profitability.
The Bitcoin network has recently seen a notable decline in its average block size and transaction rates, alongside a drop in Bitcoin’s price to approximately $64,100.
The reduction in block size, which measures the amount of transaction data included in each block, signifies a sharp decrease in Bitcoin blockchain activity, reaching its lowest point this year on June 7.
Additionally, the network’s transactions per second (TPS) rate fell in June, indicating a slowdown in activity. This decline could potentially affect miner profitability, especially in light of the reduced block rewards following the recent Bitcoin halving event.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
