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Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting

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Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit 5 Before Plummeting
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Source: Bitcoin.com

Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before PlummetingOn Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The […]

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Author: Jamie Redman

Related posts:

  1. Bitcoin’s Average and Median-Sized Network Fees Rose 40% Higher in March
  2. Bitcoin Mining Difficulty Reaches All-Time High as Miners Face Second-Largest Increase This Year
  3. Bitcoin’s Ordinal Inscriptions Surpass 500,000 Mark as Miners Earn $2.66 Million in Added Fees
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