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Bitcoin Transaction Fees See Sharp Decline Since December Peak, Network Congestion Persists

Bitcoin Transaction Fees See Sharp Decline Since December Peak, Network Congestion Persists

On Jan. 10, 2024, the fee for high-priority transactions is set at 42 satoshis per virtual byte (sats/vB), amounting to $2.66 per transaction. The ...
Jan, 10, 2024
2 min read
by Bitcoin News
Bitcoin Transaction Fees Dip Amid November’s Surging Miner Revenues

Bitcoin Transaction Fees Dip Amid November’s Surging Miner Revenues

Transaction fees for Bitcoin have eased, following their surge to more than $18 per transaction on two separate occasions last week. As of November...
Nov, 25, 2023
2 min read
by Bitcoin News
Bitcoin Transaction Fees Skyrocket, Reaching Second Highest Point of 2023 Amidst Backlog Woes

Bitcoin Transaction Fees Skyrocket, Reaching Second Highest Point of 2023 Amidst Backlog Woes

On Thursday, November 16, 2023, Bitcoin saw its average transaction fees peak at $18.69 per transfer, marking a high of 0.00051 BTC. This surge rep...
Nov, 17, 2023
1 min read
by Bitcoin News
Bitcoin Fees Climb 150% in 3 Days as Block Space Grows More Expensive

Bitcoin Fees Climb 150% in 3 Days as Block Space Grows More Expensive

Transaction fees within the Bitcoin network have surged considerably, eclipsing the figures recorded merely three days prior. A transfer deemed hig...
Nov, 09, 2023
2 min read
by Bitcoin News
Bitcoin’s Transaction Backlog Swells With Latest Inscription Wave, Pushing Fees Up 4,000%

Bitcoin’s Transaction Backlog Swells With Latest Inscription Wave, Pushing Fees Up 4,000%

After a quiet period post-September 15, Bitcoin transaction backlogs are surging anew, with a noticeable resurgence of Ordinal inscriptions startin...
Nov, 07, 2023
1 min read
by Bitcoin News