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Bitcoin Miners Hold onto Coins as Transaction Fees Drop, Accumulating Assets Instead

Bitcoin miners are holding onto their coins despite a drop in the percentage of miner revenue derived from fees to a three-month low. Although there has been an increase in transaction volume on the Layer 1 network, total fees paid to process transactions on the Bitcoin network have fallen by 38% since March to reach their lowest point in four months. The mean fee paid per transaction on the Bitcoin network reached a high of $30.36 on 8 May due to an uptick in trading volume, but has since dipped as transaction activity returned to normal after the hype around Ordinals NFTs collection faded. A code using the adpushup library triggers ads on different platforms such as desktop, mobile, and tablet, with each platform having a unique ad ID assigned to it.

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