Document Analysis NLP IA
FREQ, RAKE or TFIDF
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 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.
The latest spike in BTC transaction fees comes amid a major decline in the Bitcoin network hash rate.