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Bitcoin fees hit 20-month high as miner revenues match $69K BTC price

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Bitcoin fees hit 20-month high as miner revenues match K BTC price
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Bitcoin fees hit 20-month high as miner revenues match $69K BTC price

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Source: Coin Telegraph

Bitcoin miners are the main beneficiaries of current sky-high transaction fees, data shows, but many longtime market participants have little time for complaints.

Bitcoin (BTC) on-chain transaction fees are dividing opinion as the cost of sending BTC skyrockets.

Data from statistics resource BitInfoCharts puts the average transaction fee at nearly $40 as of Dec. 17.

The latest wave of Bitcoin ordinal inscriptions have resulted in a fresh wave of elevated transaction fees for all network users — but some believe that they are here to stay.

Read more

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Author: William Suberg

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