Bitcoin Fees and Adoption Surge to New Highs Amid Optimism Over Potential ETF Approval
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Bitcoin's transaction fees have surged over 1000% this month to a peak of $18.67, indicating heightened investor interest.
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The rise in fees is attributed to optimism about a potential Bitcoin ETF approval in the US.
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Bitcoin adoption has reached a new yearly high of 67.62% according to on-chain data, showing an influx of new users.
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The number of Bitcoin wallets holding less than 1 BTC has increased, while larger wallets may be profit taking.
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Strike CEO Jack Mallers foresees Bitcoin's price reaching hundreds of thousands of dollars due to its innovative technology and status as superior money.