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Bitcoin Halving Impact: Average Revenue Jumps to 21.74 BTC

Published 04/20/2024, 03:10 PM
Updated 04/20/2024, 03:15 PM
© Reuters Bitcoin Halving Impact: Average Revenue Jumps to 21.74 BTC

  • Bitcoin halving was completed late on Friday, April 19, 2024.
  • The average revenue per Bitcoin block reached 21.74 BTC shortly after the halving event.
  • The average transaction fee reward per block rose as high as 18.62 BTC from block 840,000 to 840,014.

The much-anticipated Bitcoin halving was completed late on Friday, April 19, 2024. Early reactions followed the landmark event, including changes in the average block revenue and fee reward on the Bitcoin network.

In a recent post on X, renowned Chinese crypto journalist Colin Wu highlighted visible changes since the Bitcoin halving completed at block height 840,000. According to Wu, data from OKLink revealed that due to Runes minting, the average revenue per block on the Bitcoin network reached 21.74 BTC.

Wu’s report comprised revenue fo…

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