Archive: eip-1559


Inflation Pushes Bitcoin Higher

By Adam Sharp on August 13, 2021

It was a very nice week for crypto. Bitcoin is up 9% over the last week, while ethereum is up 12.9%, according to CoinMarketCap data. Ethereum jumped on its implementation of EIP-1559, a network upgrade that burns a portion of miner fees and reduces supply. Collectible non-fungible tokens are also driving a massive surge in usage.  In my view, bitcoin is being driven higher by its utility…