Bitcoin Average Transaction Fees Lowest in 2 Years
At $1.04, Bitcoin avg transaction fees have hit a two-year low
Bitcoin average transaction fees lowest in two years at $1.04
“The average transaction fee per Bitcoin (BTC) transaction made a complete 360-degree over nearly two years to settle down at $1.039, a number which was last recorded back in June 2020.
The BTC transaction fee is the cost to transfer any amount of BTC, which is also directly proportional to the time it takes to validate and complete the transaction.
As evidenced by data provided by Blockchain.com, the average BTC transaction fee saw a steady decline from an all-time high of $62.788 in April 2021 before coming down to an eight-month average of $2 in July 2021.”