The three-week trend of Bitcoin surpassing Ethereum in transaction fees has come to an end – CryptoSlate
A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›
Welcome! đŸ‘‹ You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.
If you don’t have enough, buy ACS on the following exchanges:
Access Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more ›
Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.
The global crypto market cap is $1.66 trillion with a 24-hour volume of $79.04 billion. The price of Bitcoin is $43,825.38 and BTC market dominance is 51.8%. The price of Ethereum is $2,239.08 and ETH market dominance is 16.2%. The best performing cryptoasset sector is Energy, which gained 24%.
Bitcoin briefly eclipses Ethereum in transaction fee dominance before trend ceases
A recent uptrend in Bitcoin transaction fees is a development that has proven beneficial for miners. From Dec 14 to Jan 3, Bitcoin consistently surpassed Ethereum regarding transaction fees, marking three weeks.
While not unprecedented, this phenomenon was noteworthy given the typically lower Bitcoin transaction fees. Interestingly, a similar trend surfaced briefly in November when Bitcoin transaction fees outpaced Ethereum’s for three days.
However, this recent streak fell short of the record set in 2017, when Bitcoin transaction fees outperformed Ethereum’s for roughly a year. While the recent trend has concluded, the fluctuation in transaction fees between the two digital assets remains a point of interest.
Stakeholders are urged to monitor these trends as they could have significant implications for mining profitability and the broader digital asset market dynamics.
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
© 2024 CryptoSlate. All rights reserved. Disclaimers | Terms | Privacy
Please add “[email protected]“ to your email whitelist.
Stay connected via