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Published 3 years ago • loading... • Updated 3 years ago

Bitcoin Transaction Fees Remain Historically Low Despite Recent Spike

Summary by Ground News

The total Bitcoin transaction fees have been very low since July of last year. During periods of high network demand, the mempool gets congested. This means some transactions may be stuck for a while as miners take their time to get through the congested mempool. Bitcoin's price floats around $29.1k, down 1% in the last seven days.

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Bitcoin Transaction Fees Remain Historically Low Despite Recent Spike

Data shows the Bitcoin total transaction fees have continued to be at historically low values despite a spike during LUNA's collapse recently.

3 years ago

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Bitcoinist broke the news in 3 years ago on Thursday, May 26, 2022.

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