As Bitcoin’s ‘fat finger’ saga concludes, will trends reverse?


16 Sep 2023 3:30 AM

Paxos reclaims $500,000 mistakenly paid as Bitcoin's highest-ever transaction fee as fees drop, and BTC's weak bullish trend persists....

  • Memepool has returned the over $500,000 BTC transaction fee mistakenly paid by Paxos.
  • The fee set a new record for the highest transaction fee in Bitcoin history.
  • Bitcoin transaction fees have dropped back below $1 million after the incident.
  • Miner revenue has also seen a decrease from the levels reached after the fee error.
  • Bitcoin has sustained its upward momentum, with a gain of more than 5% in the past few days.
  • Bitcoin is currently trading at approximately $26,570, with a noticeable price increase.

The sentiment of the article is mostly positive, as it discusses the resolution of the high transaction fee incident and Bitcoin's upward momentum.

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You May Ask

What was the highest single transaction fee ever observed in the Bitcoin network?Who mistakenly paid the over $500,000 BTC transaction fee?How much did Bitcoin transaction fees drop after the incident?What is the current price of Bitcoin and how has it been performing recently?What impact did the recent surge in price have on Bitcoin's Relative Strength Index (RSI)?

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