Bitcoin Halving Event Sees Record $2.4 Million in Fees as Users Flock to New Runes Protocol

The Bitcoin community recently witnessed a significant event as 37.7 Bitcoins (BTC) were spent in transaction fees, amounting to over $2.4 million, to secure a spot in the highly anticipated fourth Bitcoin halving block. The halving occurred at 12:09 m UTC on April 20, with Bitcoin miner ViaBTC producing block 840,000, which activated an automatic protocol reducing miner rewards from 6.25 BTC to 3.125 BTC per block. This block has become a landmark in Bitcoin’s history, seeing unprecedented transaction fees totaling 37.67 BTC, as per data from Bitcoin block explorer mempool.space. Including the mining reward, a total of 40.7 BTC