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Cryptocurrency Price Speculations / Re: Bitcoin post-halving price consolidation could last 2 months
« Last post by babo on Today at 10:49:06 AM »the fees, gentlemen, are really very very low
stuff that hadn't been seen for many months
it means that whoever had to move things, moved them
obviously I'm referring to ordinals, inscriptions and runes
Now he seems very calm from that point of view
among other things I got an NFT
I did made use of the network yesterday. I sent Bitcoin from my wallet from my wallet yesterday and I was surprised by the amount of sats requested, it was asking for 6 sats actually and I did 7 sats for the transactions and under 7 minutes, my transaction got first confirmation, this is after 5 weeks I last did a transaction and I'm happy we are here but the question is will this last?
I think the reason for this is because the market is calm for now. If Bitcoin make a move to 70k or even above, we are going to experience another month of congestion or even more depending on if bull run click or not.
more than calm I would say that the market is heating up without going online, using ETFs and other financial amenities
this is the main reason why the price goes up
ETFs are asking for x3 times the bitcoins mined at the moment, it is obvious that in such a condition the price can only rise