Transaction Fees for Bitcoin Block 818,087 Skyrocket, Inactive Bitcoin Supply Hits Record High

By: Eliza Bennet

Quick Take

The Bitcoin blockchain ecosystem experienced a remarkable surge in transaction fees for block 818087, amounting over 85 Bitcoin- a staggering $3,194,590 million. This marked one of the most substantial fee generations in block history.

The Bitcoin mining pool, Antpool, a prominent player in the sector reaped the benefits of this substantial surge, further fortifying its position in the market. The accumulated overall sum, including the block subsidy and these fees, amounted to an impressive total of 91.466 BTC.

In related news, the percentage of the Bitcoin supply that has been inactive for a year has reached a record high of 70%. This signals that Bitcoin holders are not intending to sell their holdings at the current price levels or in the near future, as per observers in the field.