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Home Tech Crypto Bitcoin transactions fees in US dollars near all-time high levels

Bitcoin transactions fees in US dollars near all-time high levels

Document Analysis NLP IA

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neutral
sentiment

Sentiment1.9379844961243E-5
objective
redaction

Subjectivity0.38496124031008
it's an affirmation
Affirmation0.65865384615385

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Summary (IA Generated)

Bitcoin (BTC) transaction fees measured in United States dollars are near 2017 levels amid a massive hash rate drop on the Bitcoin network.

According to data from several Bitcoin monitoring resources, the average BTC transaction fee in U.

According to data from blockchain explorer Blockchair, the average cost of a Bitcoin transaction surged Tuesday to $58, approaching its all-time high of above $62 recorded in December 2017.

Popular Bitcoin monitoring source BitInfoCharts suggests that current BTC fees have already broken its record of $54 in 2017 at $58 on April 20.

According to data from Ycharts, the average Bitcoin transaction commission is bitcoin_average_transaction_fee” rel=”noopener nofollow noreferrer”> at publishing time after hitting $50 on April 18.

BTC transaction fees hit over in late 2017 when Bitcoin surged to ,000 for the first time.

The latest spike in BTC transaction fees comes amid a major decline in the Bitcoin network hash rate.


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