Transaction fees on the Bitcoin network hit a 10-month high ahead of the cryptocurrency’s halving event, as demand for block space kept growing throughout April.
Bitcoin’s mining difficulty is nearing its all-time high roughly one week ahead of the halving, presumably as miners turn on old mining equipment that became profitable thanks to BTC’s recent price recovery.
Fully shielded transactions on the Zcash network have hit a new all-time high, after jumping by 70% in April.
Top stories in the Crypto Roundup today:
- Bitcoin Transaction Fees Hit 10-Month High
- Bitcoin’s Mining Difficulty Gets Near Its All-Time High Ahead of the Halving
- Fully Shielded Zcash Transactions Hit New High After 70% Rise in April
At the time of writing, bitcoin (BTC) is trading at $9,008.43 (3.55%) with a daily Top Tier volume of $3.50 bn. As for ether (ETH), it is trading at $208.65 (3.16%) with a daily Top Tier volume of $1.02 bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,052.56 (1.08%).