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cryptonews
2023-05-06 01:16:00

Bitcoin Transaction Fees Surge to 2-year Highs – Where Next for the BTC Price?

Bitcoin Transaction Fees Surge to 2-year Highs – Where Next for the BTC Price?

The mean fee to conduct a transaction on the Bitcoin network just shot to its highest level in nearly two years, as per data presented by crypto on-chain analytics firm Glassnode. On Friday, the average transaction fee clocked in at 0.00032814 BTC, up more than ten-fold from a dip to 0.00003161 on the 23rd of April. At the current Bitcoin price of around $29,600, that implies a transaction fee of nearly $10.... Read More: Bitcoin Transaction Fees Surge to 2-year Highs – Where Next for the BTC Price?

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