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Reading: Collapse Reached Frightening Dimensions! The Fall in Bitcoin Price Hit the Runes Ecosystem!
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Collapse Reached Frightening Dimensions! The Fall in Bitcoin Price Hit the Runes Ecosystem!
Bitcoin and BTC

Collapse Reached Frightening Dimensions! The Fall in Bitcoin Price Hit the Runes Ecosystem!

vitalclick
Last updated: December 26, 2024 10:21 am
2 months ago
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runes operations, Bitcoin (BTC) $95,362.8 It lost its strong position at the beginning of the year, falling to only 1.67 percent of its daily transaction share on its network. This rate marks a major decline after the period between April and November, when Runes accounted for more than 50 percent of daily Bitcoin transactions. In addition, the drop in daily Runes transaction fees below 250 thousand dollars indicates a low network activity compared to previous periods.

Bitcoin’s Stunning Price MovementsThe Cooling in the Runes Ecosystem Becomes Evident Day by Day

Bitcoin’s Stunning Price Movements

experts runesHe emphasizes that the decline in trading volume is in line with broader market dynamics. According to them, the volatility in Bitcoin’s price is caused by Runes and Ordinals It reduced interest in more experimental Bitcoin-based protocols such as Bitcoin.

Such protocols are generally viewed as higher risk practices. At the same time artificial intelligence agents, memecoins and Ethereum (ETH) $3,370.5 based NFTOther sectors such as ‘s have attracted market attention. It is thought that this situation may have weakened the interest in Bitcoin-based token protocols.

The Cooling in the Runes Ecosystem Becomes Evident Day by Day

Decline in the runes ecosystem Bitcoin networkIt reveals a significant change in usage patterns. This decline, from a transaction share of over 50 percent to below 10 percent, points to a more general market trend.

Bitcoin Runes

Other speculative interests cryptocurrency It is likely to have shifted to other sectors. However, as the price of Bitcoin stabilizes again, interest in these ecosystem projects is expected to increase again, as in the past. That’s why market participants are carefully following how projects such as Runes and Ordinals will evolve and what direction they will move in the future.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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