Bitcoin Fees Surge to Highest Levels Since May as Ordinals NFT Craze Drives Demand
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Bitcoin fees surged to highest since May, up 970% from August low amid Ordinals demand.
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Nearly 1.9 million Ordinal inscriptions uploaded in past 2 weeks, driving fees up.
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Ordinals allow storing NFTs on Bitcoin blockchain, saw spike during meme coin mania.
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Binance listed Ordinals token ORDI, almost doubled before pulling back.
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Higher Bitcoin fees benefit miners, now making up 8.5% of revenue ahead of 2024 halving.