Bitcoin fees have hit a two-year high—and they’re continuing to climb fast.
Data from Bitinfocharts shows that the current average price to make a transaction on the Bitcoin network stands at $31.14.
The last time it was that high was back in April 2021 after they touched an all-time high of nearly $63 then dropped down again.
Some even highlighted on Twitter how surging fees are hurting those using Bitcoin for everyday transactions: Marce Romero said that a $100 transaction in El Salvador cost over $20 to complete, adding that those using the network for “fkn jpegs” (referring to NFTs) should think twice—insinuating that there are more important use cases for using Bitcoin.
finance.yahoo.com/news/while-bitcoin-fees-soar-two-191005382.html
h/t Hephaestus4