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BRC-20 tokens lose 600 million in market cap within four days

CoinSurges
By CoinSurges

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Quick Take

  • On May 8, CryptoSlate reported that BRC-20 tokens hit a $1 billion market cap due to the soaring Bitcoin fees that miners were receiving.
  • Yesterday, CryptoSlate reported that inscriptions might have run their course, with the average fee paid per block down from six Bitcoin to one Bitcoin.
  • BRC-20 tokens now have around $385 million in market cap — which has seen a substantial market cap drop in the past few days.
BRC-20: (Source: BRC20)
BRC-20: (Source: BRC20)
Average fee paid per block: (Source: Glassnode)
Average fee paid per block: (Source: Glassnode)

The post BRC-20 tokens lose 600 million in market cap within four days appeared first on CryptoSlate.

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