Analysis Crypto by Thebittimes.Com

Bitcoin (BTC) trades in a 3-month price range with a yearly low exchange volume and an all-time low on-chain volume. Yet, Bitcoin’s 24-hour average transaction fees reached a new all-time high of $195 on June 8, at block height 847015. Finbold retrieved data from the mempool.space node showing stats from the last 144 blocks, or approximately 24 hours. Notably, miners received 821.46 BTC, worth $57 million in this period, with an average of 2.5796 BTC per block, worth $179,029. This drove the daily average transaction fee on the Bitcoin network to 281,030 sats, or $195. Sats refer to the smallest BTC unit, named after the cryptocurrency creator Satoshi Nakamoto. Picks for you Sell signal for two overbought cryptocurrencies this week 17 hours ago ...

Injective (INJ) price has surged 14% in the past 24 hours as bulls crossed above $40.  INJ is targeting a new all-time high above $44, with the gains coming amid a new upside for Bitcoin that saw BTC soar to $46k. An infusion of fresh impetus has seen the price of Injective (INJ) rise sharply. As most altcoins looked to spark into life after Bitcoin rose above $45k, Injective’s native token was trading more than 14% up over the past 24 hours. Trading volume has jumped 61% in the same period to over $439 million. Meanwhile, Bitcoin price was trading near the $46k level, up 4% in 24 hours. BTC reached highs of $46,165 on crypto exchange Bitstamp as Bitcoin ETF sentiment ramped up. INJ price soars ahead of major token unlock While the upside faces a hurdle near the all -time high of $44.57 reached on December 24, 2023, there’s a potential impactful event set for the next few days.  According to data shared by tokenomics insights platfo...