However, the rise in fees cannot be solely attributed to the price surge; rather, it is also influenced by a slight increase in Ordinals transactions observed during the week.One of the key factors contributing to this surge is the upward movement in the price of BTC, bringing it closer to the $70,000 range.
AMBCrypto’s analysis of the volume chart on Santiment showed it surpassing $100 billion on the 5th and 6th of March. The last time such a volume level was observed was in November 2022.
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