Bitcoin Fees Drop Amidst Increasing Wallet Holdings And Government Sales

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Bitcoin transaction fees have seen a notable decline this week, dropping by 18% compared to the previous week’s 27% decrease. This marks the lowest weekly fee levels since November 2023, providing relief to users conducting transactions on the network. Total Bitcoin fees have decreased by 18% this week, following a 27% drop from the previous week. Weekly fees have now reached their lowest level since November 2023. pic.twitter.com/sOY325suev — IntoTheBlock (@intotheblock) July 12, 2024 Concurrently, there has been a significant uptick in the number of Bitcoin wallets holding at least 10 BTC. Data from @santimentfeed reveals that over 152,000 addresses

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