Bitcoin Fees Surge Over 1,400% in November to $11M Due to Ordinals Craze
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Bitcoin network fees have skyrocketed nearly 1,400% in November to over $11 million
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The increase is largely due to demand for ordinals, which allow embedding assets into satoshis
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Ordinals have dominated Bitcoin's transactions during November
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Over 41 million ordinal inscriptions have generated over 2,800 BTC in fees
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The ORDI token associated with Bitcoin's ordinal protocol continues to see bullish momentum