Sun, April 28, 2024 at 12:18
Hey Annie!
Guess what?
Bitcoin's been making waves again!๐
Really?
What happened this time?๐ฎ
Well, after the recent halving, there's been a surge in trading activity.
But it's not just because of the halving.
There's another reason too.
Oh, what's that?๐ค
It's all thanks to a new token standard called Runes.
It was launched on the Bitcoin blockchain and it's been a game changer!๐ฅ
Runes?
Never heard of it.
What does it do?๐ง
Runes is a new token standard on BTC that makes creating fungible tokens more efficient.
It's like an upgrade from the existing BRC-20 token system.
Sounds interesting!
So, how much has the trading activity increased?๐
It's been crazy!
The number of daily BTC transactions has reached a new high of 927,000!
That's way up from the previous record of 724,000 set in December 2023.๐
Wow, that's impressive!
But what about the price of Bitcoin?
Has it increased as well?๐ฐ
At the moment, Bitcoin is trading at $63,711.
There's a price resistance around $64,500.
But many analysts are still hopeful for a bullish effect from the halving.
Hmm, sounds promising.
But is this good news or bad news for the market?๐ค
Well, it's definitely good news!
The surge in trading activity shows that there's a lot of interest in Bitcoin.
And with the new Runes token standard, there's potential for even more growth!๐
To sum up, this article is considered a ๐Bullish for investors!!