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Flipping Bitcoin Transaction Fees Surpass Ethereums in the Resurgence of Ordinals Hype The recent surge in Bitcoin transaction fees has resulted in a noteworthy shift surpassing Ethereum after a period of heightened Ordinals-related activity on the Bitcoin network. As of November 20 the average daily transaction fee for Bitcoin stood at $10.34 superseding Ethereums average transaction fees which amounted to $8.43 according to BitInfoChart data. Notably on November 16 Bitcoins average daily trading fee reached a new six-month high peaking at $18.67 while Ethereum fees reached $7.90 signifying a notable deviation. The Rise of Bitcoin Transaction Fees The sudden increase in Bitcoin transaction fees can be attributed to a resurgence in the demand for assets associated with the Ordinals Protocol. This protocol serves as a tool for creating NFT-like assets and BRC-20 tokens on Bitcoin. Following a significant lull in activity between September 25 and October 23 Ordinals-based assets exper...
Flipping Bitcoin Transaction Fees Surpass Ethereums in the Resurgence of Ordinals Hype The recent surge in Bitcoin transaction fees has resulted in a noteworthy shift surpassing Ethereum after a period of heightened Ordinals-related activity on the Bitcoin network. As of November 20 the average daily transaction fee for Bitcoin stood at $10.34 superseding Ethereums average transaction fees which amounted to $8.43 according to BitInfoChart data. Notably on November 16 Bitcoins average daily trading fee reached a new six-month high peaking at $18.67 while Ethereum fees reached $7.90 signifying a notable deviation. The Rise of Bitcoin Transaction Fees The sudden increase in Bitcoin transaction fees can be attributed to a resurgence in the demand for assets associated with the Ordinals Protocol. This protocol serves as a tool for creating NFT-like assets and BRC-20 tokens on Bitcoin. Following a significant lull in activity between September 25 and October 23 Ordinals-based assets exper...
**Flipping Bitcoin Transaction Fees Surpass Ethereum’s in the Resurgence of Ordinals Hype** The recent surge in **Bitcoin transaction fees** has resulted in a noteworthy shift, surpassing Ethereum after a period of heightened Ordinals-related activity on the Bitcoin network. As of November 20, the average daily transaction fee for Bitcoin stood at $10.34, superseding Ethereum’s average transaction fees which amounted to $8.43, according to BitInfoChart data. Notably, on November 16, Bitcoin’s average daily trading fee reached a new six-month high, peaking at $18.67, while Ethereum fees reached $7.90, signifying a notable deviation. **The Rise of Bitcoin Transaction Fees** The sudden increase in Bitcoin transaction fees can be attributed to a resurgence in the demand for assets associated with the Ordinals Protocol. This protocol serves as a tool for creating NFT-like assets and BRC-20 tokens on Bitcoin. Following a significant lull in activity between September 25 and October 23, Ordinals-based assets experienced a substantial uptick in late October, as indicated by data from Dune Analytics. During this period, over six million Ordinal assets were created, resulting in more than 800 BTC in fees – approximately valued at $30 million – being redistributed to the network. The growing activity in Ordinals inscription further intensified when ORDI, the second-largest BRC-20 token by market capitalization, was listed on Binance on November 7. This listing catalyzed a broader wave of BRC-20 buying activity, leading to a remarkable price surge of over 50% for the ORDI token on that day. Additionally, on November 17, the Ordinals-based project Taproot Wizards announced a significant milestone with a $7.5 million seed round. As a convergence of these events, the Bitcoin network witnessed a significant shift in transaction fees, outperforming Ethereum for the first time in recent months. The surge in Ordinals-related activity has not only demonstrated the robustness of the Bitcoin network but has also underscored the growing ecosystem of non-fungible tokens and token creation on the Bitcoin blockchain. As the Ordinals Protocol gains traction and visibility within the cryptocurrency space, it has the potential to reshape the dynamics of asset tokenization and decentralized finance on Bitcoin. In conclusion, the recent resurgence of interest in Ordinals-related assets has catalyzed a notable shift in **Bitcoin transaction fees**, consequently outpacing Ethereum. This milestone signals a new chapter in the development of NFT and token creation capabilities on the Bitcoin network, highlighting its potential to pave the way for novel use cases and applications within the broader crypto ecosystem. *Editor Notes* For the latest updates and in-depth insights on cryptocurrency trends, visit [Uber Crypto News](https://ift.tt/cN9MOCl) for comprehensive coverage. https://ift.tt/OxPfb5v
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Flipping Bitcoin Transaction Fees Surpass Ethereums in the Resurgence of Ordinals Hype The recent surge in Bitcoin transaction fees has resulted in a noteworthy shift surpassing Ethereum after a period of heightened Ordinals-related activity on the Bitcoin network. As of November 20 the average daily transaction fee for Bitcoin stood at $10.34 superseding Ethereums average transaction fees which amounted to $8.43 according to BitInfoChart data. Notably on November 16 Bitcoins average daily trading fee reached a new six-month high peaking at $18.67 while Ethereum fees reached $7.90 signifying a notable deviation. The Rise of Bitcoin Transaction Fees The sudden increase in Bitcoin transaction fees can be attributed to a resurgence in the demand for assets associated with the Ordinals Protocol. This protocol serves as a tool for creating NFT-like assets and BRC-20 tokens on Bitcoin. Following a significant lull in activity between September 25 and October 23 Ordinals-based assets exper...
Crypto Traders Rediscovering Dogecoin (DOGE): Whats Fueling the Interest Crypto Traders Rediscovering Dogecoin (DOGE): Whats Fueling the Interest
Crypto Traders Rediscovering Dogecoin (DOGE): Whats Fueling the Interest Crypto Traders Rediscovering Dogecoin (DOGE): Whats Fueling the Interest
Crypto Traders Rediscovering Dogecoin (DOGE): What’s Fueling the Interest Crypto Traders Rediscovering Dogecoin (DOGE): What’s Fueling the Interest https://ift.tt/v6jWcJb
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Crypto Traders Rediscovering Dogecoin (DOGE): Whats Fueling the Interest Crypto Traders Rediscovering Dogecoin (DOGE): Whats Fueling the Interest
Microsoft Welcomes Sam Altman to Lead its Advanced AI Research Team Sam Altman has joined Microsoft to lead its advanced AI research team. Microsoft which previously invested in OpenAI and advocated for Altmans reinstatement after his dismissal has successfully onboarded the ex-OpenAI CEO. The Strategic Move by Microsoft Microsofts decision to recruit Sam Altman demonstrates a strategic leap forward in the AI space. This move is significant as it reinforces Microsofts commitment to cutting-edge AI research and development. With Altman at the helm Microsoft aims to accelerate innovation and maintain a competitive edge in the rapidly evolving AI landscape. The Announcement Satya Nadella Chairman and CEO of Microsoft Corporation expressed excitement about Altmans arrival and the formation of a new advanced AI research team. As part of this initiative Altman along with Greg Brockman and their colleagues will spearhead this critical endeavor. Nadella underlined Microsofts dedication to p...
Microsoft Welcomes Sam Altman to Lead its Advanced AI Research Team Sam Altman has joined Microsoft to lead its advanced AI research team. Microsoft which previously invested in OpenAI and advocated for Altmans reinstatement after his dismissal has successfully onboarded the ex-OpenAI CEO. The Strategic Move by Microsoft Microsofts decision to recruit Sam Altman demonstrates a strategic leap forward in the AI space. This move is significant as it reinforces Microsofts commitment to cutting-edge AI research and development. With Altman at the helm Microsoft aims to accelerate innovation and maintain a competitive edge in the rapidly evolving AI landscape. The Announcement Satya Nadella Chairman and CEO of Microsoft Corporation expressed excitement about Altmans arrival and the formation of a new advanced AI research team. As part of this initiative Altman along with Greg Brockman and their colleagues will spearhead this critical endeavor. Nadella underlined Microsofts dedication to p...
**Microsoft Welcomes Sam Altman to Lead its Advanced AI Research Team** Sam Altman has joined Microsoft to lead its advanced AI research team. Microsoft, which previously invested in OpenAI and advocated for Altman’s reinstatement after his dismissal, has successfully onboarded the ex-OpenAI CEO. **The Strategic Move by Microsoft** Microsoft’s decision to recruit Sam Altman demonstrates a strategic leap forward in the AI space. This move is significant, as it reinforces Microsoft’s commitment to cutting-edge AI research and development. With Altman at the helm, Microsoft aims to accelerate innovation and maintain a competitive edge in the rapidly evolving AI landscape. **The Announcement** Satya Nadella, Chairman and CEO of Microsoft Corporation, expressed excitement about Altman’s arrival and the formation of a new advanced AI research team. As part of this initiative, Altman, along with Greg Brockman and their colleagues, will spearhead this critical endeavor. Nadella underlined Microsoft’s dedication to providing the necessary resources for the team’s success, reaffirming the company’s commitment to bolstering its AI capabilities. **Microsoft’s Continued Collaboration with OpenAI** Following Altman’s appointment, Microsoft reiterated its ongoing partnership with OpenAI, in which it has made a substantial $10 billion investment. Satya Nadella emphasized Microsoft’s unwavering confidence in the joint product roadmap and its commitment to innovation, customer support, and collaboration with both OpenAI and its new leadership team. **Industry Insights** Market analysts view Microsoft’s recruitment of Sam Altman as a significant stride that consolidates its foothold in the AI domain. Altman’s statement, “the mission continues,” hints at a continuous pursuit aligned with his vision, potentially indicating a divergence from the direction that led to his removal from the OpenAI Inc. board. In conclusion, Microsoft’s latest maneuver to enlist Sam Altman for heading its advanced AI research team reflects a bold undertaking to drive progress in AI innovation, forging a path for sustained leadership in the realm of advanced technologies. Editor Notes: For the latest developments in the tech industry and insightful analyses, visit [Uber Crypto News](https://ift.tt/cN9MOCl). https://ift.tt/e18jgrP
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Microsoft Welcomes Sam Altman to Lead its Advanced AI Research Team Sam Altman has joined Microsoft to lead its advanced AI research team. Microsoft which previously invested in OpenAI and advocated for Altmans reinstatement after his dismissal has successfully onboarded the ex-OpenAI CEO. The Strategic Move by Microsoft Microsofts decision to recruit Sam Altman demonstrates a strategic leap forward in the AI space. This move is significant as it reinforces Microsofts commitment to cutting-edge AI research and development. With Altman at the helm Microsoft aims to accelerate innovation and maintain a competitive edge in the rapidly evolving AI landscape. The Announcement Satya Nadella Chairman and CEO of Microsoft Corporation expressed excitement about Altmans arrival and the formation of a new advanced AI research team. As part of this initiative Altman along with Greg Brockman and their colleagues will spearhead this critical endeavor. Nadella underlined Microsofts dedication to p...
Bitcoin Price Analysis: Notorious B.I.D. Signals Stalled Movement Bitcoins price seems to have reached a standstill lingering below $38K as per the latest analysis. The order book activity has triggered a sense of déjà vu for one analyst. The price momentum of Bitcoin hit $37770 before slipping back to approximately $37400 maintaining its range. This pattern mirrors the market behavior from Q1 of this year and marks the commencement of Bitcoins recovery from post-FTX lows. Notably a liquidity provider humorously dubbed the Notorious B.I.D. by the analyst appears to be shaping bid support once again. The phenomenon of bid liquidity fluctuating at $33000 has been observed seven times within the last 30 days indicating a familiar pattern. Additionally BTC/USDT liquidity data portrays sellers lining up around the $38000 mark. Its interesting to note that the largest order class ranging between $1 million and $10 million has shown activity while other cohorts have reduced their exposure ...
Bitcoin Price Analysis: Notorious B.I.D. Signals Stalled Movement Bitcoins price seems to have reached a standstill lingering below $38K as per the latest analysis. The order book activity has triggered a sense of déjà vu for one analyst. The price momentum of Bitcoin hit $37770 before slipping back to approximately $37400 maintaining its range. This pattern mirrors the market behavior from Q1 of this year and marks the commencement of Bitcoins recovery from post-FTX lows. Notably a liquidity provider humorously dubbed the Notorious B.I.D. by the analyst appears to be shaping bid support once again. The phenomenon of bid liquidity fluctuating at $33000 has been observed seven times within the last 30 days indicating a familiar pattern. Additionally BTC/USDT liquidity data portrays sellers lining up around the $38000 mark. Its interesting to note that the largest order class ranging between $1 million and $10 million has shown activity while other cohorts have reduced their exposure ...
**Bitcoin Price Analysis: ‘Notorious B.I.D.’ Signals Stalled Movement** Bitcoin’s price seems to have reached a standstill, lingering below $38K as per the latest analysis. The order book activity has triggered a sense of déjà vu for one analyst. The price momentum of Bitcoin hit $37,770 before slipping back to approximately $37,400, maintaining its range. This pattern mirrors the market behavior from Q1 of this year and marks the commencement of Bitcoin’s recovery from post-FTX lows. Notably, a liquidity provider, humorously dubbed the “Notorious B.I.D.” by the analyst, appears to be shaping bid support once again. The phenomenon of bid liquidity fluctuating at $33,000 has been observed seven times within the last 30 days, indicating a familiar pattern. Additionally, BTC/USDT liquidity data portrays sellers lining up around the $38,000 mark. It’s interesting to note that the largest order class, ranging between $1 million and $10 million, has shown activity, while other cohorts have reduced their exposure over the week. Keith Alan, co-founder of Material Indicators, commented that the entities behind the buy orders seem to be more organized than just large-volume speculators, leading to a pattern of play that seems to be recurring. **Impending Bitcoin Price Movements** Forecasting future movements, Michaël van de Poppe, CEO of trading firm Eight, emphasizes that Bitcoin’s ascent is not over yet and hints that $40,000 remains a possibility. However, he also anticipates a potential rapid breakdown following a surge past $40,000. On the other hand, analyst Matthew Hyland advises caution, indicating that the relative strength index (RSI) could exhibit a bearish divergence if the price does not breach the current 18-month highs near $38,000. It is imperative to mention that this analysis does not contain investment advice or recommendations. Every investment and trading decision is associated with inherent risks, and readers should perform their due diligence before making any financial choices. Given the recent market evaluation, it’s crucial for Bitcoin investors to stay abreast of the ongoing developments and exercise sound judgment amid the price fluctuations. The market sentiment and key indicators like liquidity data, bid support, and potential price breakthroughs should be closely observed to make informed decisions. **Editor Notes** For more insightful news and updates on the crypto market and beyond, visit [Uber Crypto News](https://ift.tt/NbScToh) for in-depth analysis and the latest developments. https://ift.tt/n9MfKo7
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Bitcoin Price Analysis: Notorious B.I.D. Signals Stalled Movement Bitcoins price seems to have reached a standstill lingering below $38K as per the latest analysis. The order book activity has triggered a sense of déjà vu for one analyst. The price momentum of Bitcoin hit $37770 before slipping back to approximately $37400 maintaining its range. This pattern mirrors the market behavior from Q1 of this year and marks the commencement of Bitcoins recovery from post-FTX lows. Notably a liquidity provider humorously dubbed the Notorious B.I.D. by the analyst appears to be shaping bid support once again. The phenomenon of bid liquidity fluctuating at $33000 has been observed seven times within the last 30 days indicating a familiar pattern. Additionally BTC/USDT liquidity data portrays sellers lining up around the $38000 mark. Its interesting to note that the largest order class ranging between $1 million and $10 million has shown activity while other cohorts have reduced their exposure ...